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Yemi Osinbanjo asks CBN to Devalue The Naira

Picture-of-yemi-osinbanjo

The vice-president of the federal republic of Nigeria has called on the central bank of Nigeria to devalue naira to reflect the reality of the market.

He stated that the exchange rate is artificially low and its backsliding investors from bringing foreign exchange into the country.

Osinbanjo went further to explain that the only way to improve supply is by moving rates to be as reflective as market reality.

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