Naira hits fresh record low against dollar

The Nigerian currency extended its decline on Thursday on the official market, closing a new record low of N996.75 to a dollar. 

The naira weakened by 16 percent from 836.61/$ on Wednesday, data from FMDQ Group show. It plunged to as low as 1,100/$ during trading. 

The turnover in the Nigeria Autonomous Foreign Exchmage Market rose to $228.54 million from  $113.52 million the previous day. 

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