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Naira depreciates as external reserves decline persists to $36.12bn

The naira last week buckled under the weight of increased  dollar demand,  depreciatiating in both   the parallel market and the Investors and Exporters (I&E) window, even as the nation’s external reserves   declined further to $36.12 billion last week.   Data from the Central Bank of Nigeria (CBN) showed that the external reserves fell to $36.116 billion Wednesday last week from […]Read More