The Naira depreciated to N1,600 per dollar in the Nigerian Foreign Exchange Market (NFEM) today, Friday, after three months of being on the N1,500 per dollar threshold.
Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,600 per dollar from N1,569 per dollar on Thursday, indicating N31 depreciation for the naira.
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