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Naira weakens marginally to dollar

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Naira exchanges at N359.4 to dollar at parallel market

The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos and the investor’s window.

The Nigerian currency traded at N472.5 to the dollar at the parallel market, down by 0.5 points from N472 exchanged on Thursday.

The Pound Sterling and the Euro closed at N582 and N530, respectively.

The Naira closed at N389.50 to the dollar at the investor’s window, down by 1.50 points from N388 it traded on Thursday.

Market turnover at the investor’s window stood at 12.61 million dollars.

It, however, closed at N381 to the dollar at the official Central Bank of Nigeria (CBN) window.

Fabian Ekeruche

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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