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Naira Gains, Trades 490 at Parallel Market

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At the time of writing, the naira — in the interbank market — had appreciated against two of the three currencies we currently track. The NGN/GBP (+1.24%) and NGN/EUR (+0.01%) appreciated to N384.82 and N332.30 respectively. The naira was flat against the greenback as the NGN/USD at N305.00. The Central Bank maintained its daily intervention, ...

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