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Breaking: Naira Gains Big In Oficial, Parallel Markets As US Dollar Hits Over 3-year Low.
The Nigerian currency showed some strength in the Nigerian foreign exchange market, while the haven currency dipped to its lowest level since February 2022 in the global currency market. This positive development at the Nigerian official market coincides with a decline in the country’s external reserves, which fell $3.05 billion in the first half of 2025. In particular, the reserves...
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