NAIRA LOSES TO DOLLAR, NOW N381 TO THE DOLLAR RATE.

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The Central Bank of Nigeria adjusted the value of the naira to the dollar at N381 on Tuesday, as parts of measures to converge the nation’s multiple exchange rates and ensure stability.

The new rate is believed to be in line with the Apex Bank’s efforts to unify the exchange rate as the foreign exchange spot. On Tuesday, the dollar was quoted at N380.69k at the Secondary Market Intervention Sales (SMIS), where importers access foreign currencies.

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