Naira strengthens at black market after big fall

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Naira, however, weakened in the official market by 0.42 % on Tuesday.

Naira gained significantly against the U.S. dollar at the parallel market on Tuesday, after crashing to an all-time low of N710.00 last week.

“The market surprised us today. A lot of traders closed up their shops due to losses incurred,” a currency dealer in Uyo, said.

 

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