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Naira Sees Slight Improvement In August With Reserves Rising

The naira recorded a marginal gain against the dollar in August, supported by a boost in Nigeria’s external reserves and rising foreign exchange inflows from foreign portfolio investors (FPIs) and diaspora remittances. The local currency closed the month at N1,531.57 in the official foreign exchange (FX) market, reflecting improved liquidity conditions. By the end of […]


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