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Naira strengthens against dollar at parallel, official markets

21 May 2024

The FX rate is a 1.34 percent increase from the N1,510/$ recorded on May 17.Currency traders in  Lagos, also known as bureau de change ,BDCs, operators, quoted the buying rate of the greenback at N1,450 and the selling price at N1,490 — leaving a profit margin of N40.At the official section of the FX market, […]

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