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NAIRA RECORDS CONSISTENT MARGINAL APPRECIATION

The naira closed flat at 385 against the United States dollar on the parallel market on Wednesday, the same rate it closed on Tuesday.

This came two days after the Central Bank of Nigeria injected 457.3 million dollars into various segments of the forex market.

The local unit had closed at 390 per dollar daily consecutively between last Tuesday and Friday, before appreciating to 386 on Monday.

The naira, however, closed at 305.60 to the dollar on the interbank market on Wednesday.

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