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Naira strengthens below N1,600/$ at parallel market as U.S dollar sheds weight  

The naira maintained its bullish momentum at the unofficial market as it cracked below the N1600/$ resistance line, while the greenback fell in the global foreign exchange market. The naira traded midweek at N1585-1590/$ bandwidth on the streets of Nigeria’s business capital. The naira’s fundamentals have significantly improved as the country’s headline inflation showed signs […]

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