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Naira crashes to another record low of NGN505 to $1

Naira crashes to another record low of NGN505 to $1
Photo credit: BuzzNigeria

The naira crashed to another record low of NGN505 to $1 despite continued FX sales from the CBN to support dollar demand. The local currency lost a whopping NGN27 from its last value of NGN/$478 nine days ago!


The record bottom will see another round of increase in prices of goods and services as the nation prepares for the yuletide season.

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