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Naira to maintain stability on CBN’s tightening measures

Naira to maintain stability on CBN’s tightening measures

The stability in foreign exchange (FX) seen running for about three weeks is expected to continue this week following the monetary tightening measures of the Central Bank of Nigeria (CBN). The CBN after the Monetary Policy Committee (MPC) meeting last week, increased the Monetary Policy Rate (MPR) upwards by 100bps from 11.0 percent to 12…

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