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Naira Weakens as Dollar Demand Rises, FX Reserves Dip
The Business NG
|The BusinessNG
The Nigerian naira lost ground in the foreign exchange market on Friday, snapping a nine-day streak of gains due to a resurgence in dollar demand for external payments.
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The exchange rate at the official window closed at 1,549.35 per US dollar, down from 1,539.72 the previous day, according to data from the Central Bank of Nigeria (CBN).
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