Naira Falls By 17% To N951/$

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The naira fell by 17.91 per cent to N951.22/$ on the official Investor and Exporter forex window on Wednesday.

This was as the dollar supply fell by 4.94 per cent to $135.58m from $142.63m.

Data from FMDQ Securities Exchange revealed that the naira lost N144.49 against the dollar after closing trading on Tuesday at N806.73/$.

The naira’s volatility in the market continued despite efforts by the Central Bank of Nigeria to stabilize the national currency.