Saturday 27 May 2017

Naira weakens to dollar

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The naira weakened to 382 per United States dollar on Friday, down from 379/dollar it closed on Thursday.  

On the back of sustained dollar injection by the Central Bank of Nigeria, the local currency had rebounded to 380/dollar on Wednesday after closing at 381/dollar on Monday and Tuesday.
The central bank has continued to supply dollars to the foreign exchange market.


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