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Naira Rises To N1,387/$ In Parallel Market

The Naira yesterday appreciated to N1,387 per dollar from N1,390 in the parallel market on Monday.

 Consequently, the margin between the parallel and official markets narrowed to N64.1 per dollar from N70 per dollar on Monday. The value of interbank turnover in NFEM declined by 48.07 percent to $55.6 million from $107.07 million on Monday.

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