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CBN retains 11.5% interest rate, worries over parallel forex market

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The Central Bank of Nigeria (CBN) has held the benchmark interest rate (Monetary Policy Rate) at 11.5 per cent just as it worries that the parallel foreign exch

he Central Bank of Nigeria has held the benchmark interest rate at 11.5 per cent just as it worries that the parallel foreign exchange market was promoting corruption.

 

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