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The Lagos

Naira projected to stay below N1,400/$ through the festive Season

Naira projected to stay below N1,400/$ through the festive Season
Photo: Nairametrics · view original

The official Nigerian Autonomous Foreign Exchange Market (NAFEM) rate has traded comfortably around 1,350/$, supported by the rise in foreign reserves, enhanced diaspora remittances and stable crude output. Markets forecast the official rate to remain within the 1,290– 1,400/$ zone for the rest o...

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