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Tuesday, 29 June 2021

Nigeria’s central bank admits naira overvalued by 10%

Nigeria’s central bank admits naira overvalued by 10%: Emefiele told an investor call last week arranged by Standard Bank that the spot naira rate of N410-412 per dollar would eventually weaken by 5 percent to 10 percent, according to one person on the call and another who was briefed on it afterward.

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