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CBN Offers Longer-term Naira Contracts to Lure Investors - THISDAYLIVE
The Central Bank of Nigeria (CBN) has introduced longer-term contracts on the naira in a move to attract more foreign inflows, shore up its dwindling dollar reserves and stave off a currency devaluation, Reuters report yesterday. The CBN Governor, Mr. Godwin Emefiele, last month said no adjustment of the naira was planned and that the …