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Naira gains at official forex markets

After the currency rate remained constant for the previous two sessions on the spot market, the naira marginally increased against the dollar at the official forex market on Friday.

Data posted at the FMDQ website where forex is officially showed that the Naira opened trading at N428.00 but closed at N429.05 to a dollar on Friday.

The rate implies a slight appreciation of 0.08 per cent from N429.38 to a dollar it traded in the last two sessions that preceded Friday.

Source: Premium Times