Increased demand for dollar causes Naira to depreciate to 1,420/$

The naira depreciated further on Thursday, April 25, against the United States dollar. At the official market, the Naira depreciated to N1,309/$ and N1,420 at the parallel market.  The new rate which indicates a depreciation of N90 or 6.8 per cent from N1,330 quoted by currency traders on Wednesday…
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