The global tariff war has affected the Nigerian currency leading to the naira depreciating for two weeks in the official parallel foreign exchange markets.

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The Nigerian naira depreciated marginally in the official foreign exchange market trading at N1,549 from N1,548 per dollar and N1,590 from N1,600 respectively.

Nigeria's state oil company NNPC Ltd has begun discussions with the Dangote Oil Refinery to extend its contract for supplying crude oil in the naira currency, the company said.

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