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Naira Hits Record Low Against Dollar as Forex Woes Continue

Nigeria’s currency, the naira, plummeted to a new low against the dollar, breaching the unofficial parallel market rate on the official exchange platform for the first time. FMDQ Exchange data reveals that the naira stumbled to 1,531 per dollar on Tuesday, closing at 1,482.57—significantly below the parallel market rate of 1,460. This downturn follows the […]

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