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Naira shows mild fluctuations against the dollar in official and parallel markets, supported by CBN policies and foreign portfolio inflows
The CBN intervenes in Nigeria’s forex market to slow the naira’s rapid appreciation, mopping up $72m amid rising external reserves of $46.91bn
Naira exchange rate decline persists as it loses 19 kobo, closing at N1,533.74/\$1 Friday. CBN data shows gradual depreciation throughout the trading week