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CBN adopts flexible exchange rate policy, retains interest rate at 12%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has adopted a flexible exchange rate policy for the country. The CBN Governor, Mr Godwin Emefiele, disclosed this on Tuesday in Abuja while addressing newsmen on the outcome of the two-day meeting of MPC. He said with the directive, the apex bank would soon release a new guideline …

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