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One greenback is now buying and selling at a median charge of N766 on the parallel market popularly often known as black market.
The present charge exhibits a depreciation of naira in opposition to the greenback by 0.52 % (N4) when put next with N762 traded in the course of the intraday international alternate (FX) buying and selling on Thursday.
Learn additionally: Regardless of naira crunch, 85% of Nigerians nonetheless belief banks – Survey
The depreciation of the naira adopted a robust demand for {dollars} by the tip person for varied FX wants, reminiscent of college charges, medical, importation and journey allowances.
On the Traders and Exporters (I&E) foreign exchange window, Naira additionally depreciated by 0.07 % because the greenback was quoted at N463.67 on Thursday as in opposition to the final shut of N463.33 on Wednesday, knowledge from the FMDQ indicated.
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