CBN’s efforts to leverage forex stability for single digit inflation

By Babajide Komolafe, Economy Editor In the first two months of this year, Nigerians witnessed steady appreciation of the Naira and convergence of the official and parallel markets exchange rates around N1,500 per dollar. The above development, which hugely contrasts with the volatility, steady depreciation of the Naira which characterised the same period of last year, resulted from [...]The post CBN’s efforts to leverage forex stability for single digit inflation appeared first on Vanguard News.

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