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Friday 24 September 2021

Nigeria’s central bank seems not able to tame naira slide despite policy moves

Nigeria’s central bank seems not able to tame naira slide despite policy moves: No matter what the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele does, he can’t bring Nigeria local currency to heel. Since March last year, the regulatory bank has devalued the naira three times in an attempt to narrow the gap between the official rate and the widely used parallel mar ...

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