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Tuesday, 6 September 2016

Naira stays unchanged at N425/$1 at parallel market

Nigeria’s currency, Naira has remained at N425/$1 in the black market today, September 6, as it was on Monday, September 5, NAIJ.com can authoritatively report. This would leave Naira’s black market value unchanged for two consecutive days after it crashed to an all-time low of last week. According to currency traders and economists, the local currency poor performance at the parallel market has been triggered by increased scarcity of the greenback.
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