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Naira reverses loss after dropping to 500/dollar

The naira dropped against the United States dollar from 498 to 500 at the parallel market during the early trading hours on Monday, crossing the critical threshold currency analysts had predicted. Foreign exchange traders linked the development to relative scarcity of the greenback in the Forex market. The local unit, however, reserved the loss during […] The post Naira reverses loss after dropping to 500/dollar appeared first on Punch Newspapers.
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Added January 30, 2017
from The Punch News