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Naira strengthens as FX turnover jumps 59.2%

The naira appreciated in the official foreign exchange (FX) market following a sharp 59.2 percent increase in turnover at the Nigerian Foreign Exchange Market (NFEM) window. Data released by the Central Bank of Nigeria (CBN) showed the naira strengthened by 0.7 percent, with the dollar quoted at N1,357.34 on Wednesday, compared to N1,366.56 on Tuesday....

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