CBN devalues Naira, now N168 to dollar

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...towards a better life for the people VOL. 25: NO. 62285

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ONLINE | www.vanguardngr.com

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WEDNESDAY, NOVEMBER 26, 2014

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CBN devalues Naira, now N168 to dollar •Raises lending rate to 13 % •Increases private sector cash reserve to 20% •Retains public sector cash reserve at 75% COLUMNISTS:

By Omoh Gabriel, Business Editor & Emma Ujah

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BUJA—THE Central Bank of Nigeria, yesterday, devalued the national currency, the Naira, as it moved the midpoint of the official window of the foreign exchange market

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