Naira Loses 2.2% at Official Market, Trades N1,339/$1
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#f4e83713 ver:1.31

The Nigerian naira has depreciated by 2.2% against the US dollar in the official market, trading at N1,339/$1. The naira also gained against the British Pound and Euro. The black market saw a slight appreciation, selling at N1,400/$1. The spot market witnessed a decrease in foreign exchange trades. Cryptocurrencies like Solana, Cardano, and Dogecoin lost value. The LCCI called for increased productivity in the solid minerals sector. Nigeria and Japan signed an MoU on rice seeds production. The naira's depreciation persists despite efforts by the Central Bank of Nigeria. The strengthening US dollar and tensions in the Middle East contribute to the depreciation. The IMF warns of negative effects on emerging economies. The CBN's measures have not prevented the naira's depreciation. #Naira #Forex #Cryptocurrency #Economy...

#newstr #Naira #ForeignExchange #Cryptocurrency #CrudeOil #LagosChamberOfCommerceAndIndustry #Nigeriajapan 

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