Naira’s poor run against dollar

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The Nigerian naira is finding it hard to move solidly against the dollar these past few days.

It almost traded at 600 naira to the dollar at the parallel market on Thursday.

This is a four month low for the currency, with no indication that it could be better in coming weeks.

The apparent reason foe Naira’s poor run against the dollar still remains the same – jump in forex supply.

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