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Naira firms against dollar as CBN sells $399.9m

Naira yesterday strengthened against the US dollar gaining N0.19k at the Nigerian Interbank Forex (NIFEX) market as the Central Bank of Nigeria (CBN) intervened with a total of $399.9 million. The local currency yesterday closed at N159.52/$ as against N159.72 traded the previous day, data from Financial Markets Dealer Quotations (FMDQ) have indicated. At the Foreign…

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