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Naira falls to 555/dollar in parallel market

Naira falls to 555/dollar in parallel market

The Naira fell to 555 per Dollar at the parallel market on Monday, Nov. 22.

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The Nigerian currency had recently fallen to 575 per dollar but it peaked last week at 530 per dollar.

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However, on Monday, it fell again, sliding to 550 Naira per dollar in the parallel market as demand for dollars increases.

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At the Central Bank of Nigeria’s Investor & Exporter Window, the naira fell by 0.16 per cent to close at 415.07/dollar after reaching a new high of N445.75.

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However, the CBN maintained 411.63/dollar as the official rate on its website.

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