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The Nexus
BUSINESSJul 28 · 06:08 UTCTHE RIO TIMESSamuel Ncube

Nigeria Naira Dollar Parallel Market Hits 1,407 per US$

Nigeria’s naira weakened to 1,407 per US dollar on the parallel (black) market, down from 1,400 per dollar the previous Friday. The parallel market is where many Nigerians buy dollars outside official channels.

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