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Experts decry over reliance on foreign goods as pressure on naira persists

Experts decry over reliance on foreign goods as pressure on naira persists
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How Foreign Universities Fees, Other Factors Contribute To Depreciation Of Naira – Financial Experts

Some financial experts in the country have attributed the current depreciation of the Nigerian naira to the high demands for school fees abroad among other contributing factors. Speaking with newsmen, the experts also called on Nigerians to shun foreign goods and prioritise local options to reduce the pressure on the naira. Tajudeen Olayinka, who is CEO of Wyoming Capital & Partners, said a rising patronage of quality locally made goods and purchase made in Nigeria products would strengthen the naira.

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Nigeria s Naira Continues Recovery Against Dollar At Official, Parallel Markets

The Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window, has shown that the naira, on Friday, continued its recovery against the United States dollar. The naira recovered to N794.89/$1, after a two-day slump in the official market. According to data from the FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading in Nigeria, the rate represents a recovery of 16.88% from the N956.33 it recorded on Thursday.

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Uncertainty lingers over future of naira

Uncertainty lingers over future of naira
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Naira may rise as CBN plans tosanction banks hoarding dollars

Naira may rise as CBN plans tosanction banks hoarding dollars
thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.

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