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Naira crashes against the dollar

Writer's picture: AdminAdmin

The Naira on Wednesday crashed against the dollar at the parallel market.

The local currency has weakened to N465 per dollar as against the N460 rate it was yesterday.

The currency, however, remained pegged at N305 to the dollar at the official market.

The fall of the currency comes hours after it was reported that the Federal government had pumped more dollars to the market.

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