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Find all the economic and financial information on our Orishas Direct application to download on Play StoreTraders estimate that the Nigerian traded at a record level of 860 per dollar on the black market on Thursday, July 20, 2023. It is weakening below its official rate
.The bank allowed the naira to weaken by more than a third last month. This was in order to unify Nigeria's multiple exchange rates and attract foreign investment. A way to strengthen the liquidity of an economy facing dollar shortages. According to the data, the currency closed at 742 naira against the dollar on the official market on Thursday
.
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