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Naira holds below N1,600/$ in the holidays

The Nigerian currency traded below the key resistance (N1600/$) against the greenback at the unofficial market.


Recent fundamentals showed the recently concluded holidays plummeted transactional volumes across Nigeria’s business capital as the naira traded at N1587-1590/$ bandwidth early Tuesday


The CBN’s recent data showed Naira’s prospects sparkled as Nigerian businesses expressed an unexpectedly positive attitude toward West Africa’s largest economy.

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