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Central Bank of Nigeria to Devalue Currency

THE Central Bank of Nigeria (CBN) says it is now prepared to move the target band for the currency from the present +/- 3 per cent below or above N150 to the dollar to N155/156 to the dollar.
The Vanguard

Central Bank Governor, Sanusi Lamido

  • Nigeria:   CBN Moves to Devalue Naira

    The Moment, 1 November 2011

    THE Central Bank of Nigeria (CBN) says it is now prepared to move the target band for the currency from the present +/- 3 per cent below or above N150 to the dollar to N155/156 to… Read more »

  • Nigeria:   Economic Pressure - CBN to Devalue Naira

    Leadership, 1 November 2011

    The Central Bank of Nigeria (CBN) is planning to unveil a new policy that would help address the fluctuations in the naira, in order to check the volatility of the country's… Read more »

  • Nigeria:   Naira to Fall Further -Sanusi

    Vanguard, 1 November 2011

    The Governor of Central Bank of Nigeria (CBN), Mallam Lamido Sanusi, yesterday, said the apex bank was considering allowing the naira to depreciate further by setting new band of… Read more »

  • Nigeria:   Economy Still Open to External Shock - Analysts

    Leadership, 1 November 2011

    Nigeria's economy is still vulnerable to external shocks and only a revamping of the economy can ward off adverse effect of another round of global melt down. Read more »

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