Tag: Official Rate
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Currency floating: Dangote, Nigerian billionaires lose massively as Naira falls to 702/$
Following the Central Bank of Nigeria’s unification of exchange rate, the naira traded at 702.19/dollar at the close of business on Thursday. Nigeria has allowed for a free float of the national currency against the dollar and other global currencies. The naira has now lost about five percent of its value within 24 hours from…