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Forex constraint devalues naira to N380 per dollar

Tags: forex naira rate

The CBN has however retained N360 as its official exchange Rate on its website as of Friday. Shortage of Forex in the economy caused the naira to fall below the official rate of by 3.5 per cent to N380/$1 from N360/$1 according to the Central Bank of Nigeria. The Deputy Governor, Financial Systems Stability Directorate, […]



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Forex constraint devalues naira to N380 per dollar

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