Naira depreciates at official market

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Naira weakened by 0.04 per cent on Monday to trade at N461.67 per $1 at the spot market

Naira recorded a marginal loss against the United States dollar at the authorised market on Monday, data published on the FMDQ website, where forex is officially traded, revealed.

Within the day’s business hours, the local currency experienced an intraday high of N445.96 and dropped to a low of N462.50 per dollar before it eventually closed at N461.67/$1. Amidst the lingering cash crunch in the country, the foreign currency inflows into the Nigerian Autonomous Foreign Exchange Fixing market is pegged at $77.64 million on Monday.

 

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Emefiewele policy is not working. The man just suffer Nigerians for nothing.

With this BAT presidency book mark this tweet by December 2023 it will be ₦1,500/$

Emefiele never even sleep. 🤣

Wetin you Dey expect before 😂

More currency in circulation, 1000/$ is possible this year

Now now

Just imagine 💔😡

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