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Naira drops to N1,625 amid oil price decline

The naira continued its downward trend, closing at N1,625.13 to the U.S. dollar in the official Investor and Exporter (I&E) window, marking a 4.06 per cent drop from the previous day’s close of N1,561.76. This sharp decline in the naira’s value comes amid falling crude oil futures, which dipped to around $76 per barrel, reflecting …

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