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CBN defends naira with $4.9bn in three months

CBN defends naira with $4.9bn in three months The efforts by the Central Bank of Nigeria to stabilise the naira at the interbank market depleted the nation’s external reserves by $4.9bn in the first quarter of 2015. According to the CBN, the reserves fell by 14.3 per cent, down from $34.24bn at the end of December 2014 to $29.36bn at the end of... 
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Added August 01, 2015
from The Punch News