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Naira Exchanges For 485 To Dollar

Despite the appreciation of the Naira in the foreign exchange market at the beginning of the week, the Nigerian currency has depreciated on Wednesday exchanging for 485 to one dollar in the parallel market.

On Wednesday morning, the exchange rate was 470/dollar.

According to abokiFX, the Naira maintained a stable rate against the British Pound on Wednesday, exchanging for 635/pound but depreciated against the Euro to 580/euro from 570/euro in the morning.

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