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BREAKING: Another naira devaluation looms as CBN cancels RDA trading

by Kolapo Olapoju

nigerian_stock_exchange

The Central Bank of Nigeria has, in a circular to banks and trading houses, cancelled the Dutch Auction System of trading the Naira, RDAS.

Some analysts believe that this action will shortly be followed by yet another devaluation of Nigeria’s currency.

More to follow….

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