Tuesday, 25 November 2014

CBN Devalues The Naira


The Central Bank Just concluded its Monetary Policy Meeting where it announced that was going to devalue the Naira from the current N155 to N168 representing a 7.7% devaluation.Mr Godwin Emefiele said the devaluation of the Naira against the dollar is to strengthen the Nigerian currency in the face of the falling international oil price.

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