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Naira hits record high of N1,372.91/$ without CBN inflow

The naira on Tuesday surged to a record high of N1,372.91 to the dollar in the official foreign exchange (FX) market, without intervention from the Central Bank of Nigeria (CBN), reflecting a shift towards a more market-driven currency framework. In recent weeks, the apex bank has not contributed to dollar inflows in the market.

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