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CBN Dismisses Devaluation Concerns, Promise Continuous Support of Naira

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Naira     At the time of writing, the naira — in the interbank segment of the market – had declined against two of the three currencies we track. The NGN/GBP (-0.67%) and NGN/EUR (-0.66%) weakened to N388.13 and N335.38 respectively, while the NGN/USD (+0.16%) strengthened to N304.50. In the parallel market, the LCY depreciated ...

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