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Naira weakens under renewed attack by crypto traders despite $17 938bn market turnover

Despite over $17 billion robust supply of the United States dollars in the Foreign Exchange (FX) Market which helped to shore up the.

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Depleting External Reserve Not Due To Defending Naira But For Debt Repayment, Says Nigeria s Central Bank

Depleting External Reserve Not Due To Defending Naira But For Debt Repayment, Says Nigeria s Central Bank
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CBN Says Naira Undervalued, Partners Finance, NNPC On Forex Repatriation

He expressed belief that the naira is currently “undervalued” and, coupled with coordinated measures on the fiscal side, the CBN will expedite genuine price

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Fitch affirms Nigeria s credit rating stable, raises concerns over $10

However, there has recently been some backtracking on reforms, notably a lower degree of price discovery in the FX market than in late June,

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Tinubu picks CitiBank Nigeria s ex-CEO Cardoso as next central bank governor

ABUJA, Sept 15 - President Bola Tinubu has nominated the former head of Citibank in Nigeria Olayemi Cardoso to serve as the country's new central bank governor, days before its next interest rate meeting, a presidential spokesperson said on Friday. Tinubu sent Cardoso's nomination to the Senate for confirmation alongside four new deputy governors, spokesperson |

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