The naira, on Friday, continued its free fall, dropping to N1,425 at the parallel section of the foreign exchange market.
The current foreign exchange rate represents a 0.71 percent or N10 increase from the N1,415 traded on Thursday.
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Bureaux De Change (BDC) operators in Lagos, said the buying price of the dollar stood at N1,410 and the selling price at N1,425 — leaving a profit margin of N15.
However, at the official market, the naira closed against the dollar at N891.90/$ on Friday — a 1 percent appreciation from the N900.96/$ recorded the previous trading day.
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