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Naira falls at official market, increases in value at black market

For the second day running, the Nigerian currency, the Naira, depreciated against the US dollars at the Investors and Exporters window, the official exchange market, IgbereTV reports

Data from FMDQ securities where Naira is officially traded showed the exchange rate on Tuesday closed at N436.33 to a dollar.

The figure represented a decrease of 0.08 per cent, compared with N436 it exchanged for the dollar on Monday.

The data revealed that the market opened Tuesday at N434.93 and exchanged as high as N441 during trading before it settled at N436.33

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