Naira slips at official market segment

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Naira recorded losses on the spot market to trade at N464.67 on Wednesday.

Naira fell slightly against the United States dollar on the spot market to trade at N464.67 per dollar on Wednesday, data published by FMDQ, where forex rates are collated and traded officially showed.

The rate implies a 0.04 per cent decrease from N464.50 per dollar it exchanged in the previous segment on Tuesday. Forex supply within the market segment within the business period stood at $163.74 million, the data revealed.

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