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Wednesday, March 12
According to data released by the Central Bank of Nigeria (CBN), the exchange rate in the Nigerian Foreign Exchange Market (NFEM) decreased to ₦1,507.3 per dollar from ₦1,520 per dollar on Tuesday, reflecting an appreciation of ₦12.7 for the Naira.
As a result, the gap between the parallel market rate and the NFEM rate increased to ₦122.7 per dollar, compared to ₦120 per dollar on Tuesday..
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