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Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market

 Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market

 

The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened by injecting between $80 million and $100 million. […] 

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