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Naira Crashes To 288/Dollar At New Official Market

The naira crashed by 31 per cent to 288.85 against the United States dollar on Monday at the close of trading at the newly established interbank market.

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Naira Slumps To 260/$1 At Interbank Market

Following the decision of the Central Bank of Nigeria to allow market forces determine the value of the naira, the interbank market on Monday pushed the Nigerian currency to as high as 264 against the United States dollar.

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IMF Lauds CBN’s Decision To Float Naira

The International Monetary Fund, IMF, has welcomed the decision of the Central Bank of Nigeria, CBN, to abandon its currency peg and adopt a flexible exchange rate policy, saying this was important to reduce fiscal and external imbalances.

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CBN Announces New Forex Regime

The Central Bank of Nigeria (CBN) has announced a market-driven forex regime aimed at boosting the supply of foreign currency in the country.

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Nigeria Info FM, Your #1 Talk, News and Sports Station!”, the first station in its format in Nigeria. It proudly broadcasts local and international news with a blend of talk & sports shows, while addressing current affairs and topical issues.

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