Tag Archives: Monetary Policy Committee

Naira Value Depletes To An Upsetting Figure In Comparison With The Dollar

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday bowed to pressure by devaluing the naira from N155 to N168 to the US dollar. CBN Governor, Mr. Godwin Emefiele The MPC tightened the apex bank’s monetary policy by allowing some flexibility in the exchange rate to stem speculative activities and depletion of…

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