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Market News

Naira falls to N496.50k on black market as dollar scarcity persists - BUSINESSDAY

NOVEMBER 27, 2020

...lowest since August 2020

BY  Hope Ashike 


Nigeria’s currency on Friday fell by N6.17k to an average rate of N496.50k on the black market, as against an average rate of N490.33k it exchanged on Thursday. This is the lowest the naira has fallen since August 2020 amid persisting scarcity of the greenback. 

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