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Naira Falls As CBN Vow to Stop Black Market Activities

Naira Falls As CBN Vow to Stop Black Market Activities

Ripple Nigeria has reported that the official market value of Naira has dropped after the Central Bank Of Nigeria vowed to stop the activities of black market dealers in the country. Information Guide Nigeria

Reports from FMDQ securities show that Naira’s depreciation against US Dollar at investors and exporters window on Monday was closed at N413.68/$1 and this is reported to be a loss value of 80 kobo.

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Recall that on Monday, The CBN said it was making efforts to eliminate illegal FX dealers from the market.

However, the black-market rate of the Naira remained above N573 to a dollar. JAMB Result

Check and Confirm: How much is Dollar to Naira today

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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