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    Naira falls to N1250/$ in parallel market

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    NAIRA EXCHANGE RATE

    Naira exchanged for N1250 to a dollar in the parallel market today, December 15.

    This represented a N20 increase from the exchange rate recorded on Thursday, December 14. The Naira also appreciated to N889.86 per dollar in the official Nigerian Foreign Exchange Market (NAFEM).

    Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N889.86 per dollar from N901.41 per dollar on Thursday, indicating an N11.55 appreciation for the naira.

    The recent development indicated that the official and parallel market exchange rates have widened to N360.14 per dollar, from N328.59 recorded on Thursday.

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    L–R: Secretary, Nigerian Communications Commission (NCC), Gwa Mohammed; Chief Executive Officer, Ministry of Finance Incorporated, Dr. Armstrong Takang; Executive Vice Chairman/Chief Executive Officer, NCC, Dr. Aminu Maida; Coordinating Director, Financial Reporting Council of Nigeria, Mr. Titus Osawe; Executive Commissioner, Stakeholder Management, NCC, Rimini Makama; Professor of Corporate Governance, Lagos Business School, Fabian Ajogwu, SAN, during the workshop/formal launch of Guidelines on Corporate Governance For Nigerian Telecommunications Industry hosted by the Commission in Lagos recently. L–R: Secretary, Nigerian Communications Commission (NCC), Gwa Mohammed; Chief Executive Officer, Ministry of Finance Incorporated, Dr. Armstrong Takang; Executive Vice Chairman/Chief Executive Officer, NCC, Dr. Aminu Maida; Coordinating Director, Financial Reporting Council of Nigeria, Mr. Titus Osawe; Executive Commissioner, Stakeholder Management, NCC, Rimini Makama; Professor of Corporate Governance, Lagos Business School, Fabian Ajogwu, SAN, during the workshop/formal launch of Guidelines on Corporate Governance For Nigerian Telecommunications Industry hosted by the Commission in Lagos recently.

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