Naira loses 1.24% at Investors’ market as dollar shortage worsens

…External reserves decline to $35.88bn

Nigeria’s currency depreciated significantly by 1.24 percent to N409.67k per dollar on Monday from N404.67k on Friday at the Investors and Exporters (I&E) forex window. The naira weakness followed strong demand as dollar scarcity worsened. The foreign exchange daily market turnover declined significantly by 242.07 percent to $28.21 million on Monday compared with $96.50 million…

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