Naira slips further at black market

The Naira fell substantially against the United States dollar at the unofficial market on Tuesday, market data published by AbokiFX, a website that collates market data in Lagos, showed.

According to the data, the naira which stood at N1,040 per dollar in the morning, declined to N1,042 and eventually closed at N1,050 to a dollar on Tuesday.

The rate implies N10.00 depreciation from N1,040 the local unit exchanged at the unauthorised window on Monday.

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