26.11.14
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Dwindling Oil Price: CBN Devalues Naira, Raises Lending Rate By Nse Anthony-Uko, Abuja
The Central Bank of Nigeria (CBN) has taken a holistic monetary palliative aimed at ensuring Naira exchange rate stability
and forestalling the potentially dangerous impact of the falling oil prices in the international oil
market on the economy. The CBN has finally bowed to pressure to devalue the Naira
after several months of battling to defend the exchange rate against demand pressure using the nation’s
Kebbi Deputy Governor, 17 Others Defect To APC Today > Page 8
Chibok Diary DAY 226
foreign reserves. It reduced the official naira-todollar exchange rate to N168/$1, forcing down the currency down ➔ CONTINUES ON PAGE 5
BBOG Group To Storm Chadian Embassy Over Alleged Complicity With Boko Haram > Page 2
monday market attack
Female Suicide Bombers Kill 45 In Maiduguri 5
Cameroon closes 130 schools over Boko Haram
An injured victim of the Maiduguri Monday Market twin suicide attacks at the Maiduguri General Hospital, yesterday. PHOTO BY kareem haruna
Again, Senate Fails To Approve Emergency Rule Extension > Page 8