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Naira Appreciates to ₦1,560 per Dollar in Parallel Market Amid Renewed Forex Inflows

  The Nigerian naira has recorded a modest gain in the parallel market, appreciating to ₦1,560 per US dollar, up from the previous rate of ₦1,565. The strengthening of the currency comes amid improved dollar liquidity and a gradual reduction in foreign exchange demand pressures, especially from importers and informal traders. Currency traders in major […]