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Naira weakens further as FX turnover declines by 70.95%

Nigeria’s currency on Wednesday weakened further by 0.12 percent following strong demand for and shortage of dollars at the Investors and Exporters (I&E) forex window. The foreign exchange daily turnover declined significantly by 70.96 percent to $11.85 million on Wednesday compared with $40.80 million recorded on Tuesday. Consequently, after trading on Wednesday naira/dollar exchange rate…

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