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Naira falls to N1,420/$ at parallel market amid dollar scarcity

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The Nation Newspaper Naira falls to N1,420/$ at parallel market amid dollar scarcity

The local currency which opened at N1,300 to dollar on Wednesday closed at N1,420 to dollar at the parallel market.

The settlement of the $7 billion verified forex backlog of forward commitments have boosted confidence and improved the credibility of the Central Bank of Nigeria .

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