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Business Naira strengthens against Dollar

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At the Wholesale Dutch Auction System (WDAS), Naira seemed elevated and strengthened on Wednesday. Naira valued around N155.75 to the dollar, which is a minute but important increase as compared to the Sep 23 rate, which was around N155.76

However, the number of banks that took part in the auction depleted to 14 from17. According to CBN website, around 400 million dollars was offered to sale at the auction. Sources said that next auction is scheduled to be held on 30th September.

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