Dollar exchanges for N374

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On Thursday, the naira exchanged to the dollar for between N372 and N374 at the Bureau De Change segment of the market.

The Coronavirus epidemic had made the naira lose value against the dollar, partly due to the fall of crude oil in the international market.

However, the CBN had said it had not devalued the naira, and that market fundamentals did not support naira devaluation at this time.

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