CENTRAL BANK NEW NAIRA DEFENCE STRATEGY TO FAIL… FOREX ROUND TRIPPING DEEPENS « Fortune&Class Magazine

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CENTRAL BANK NEW NAIRA DEFENCE STRATEGY TO FAIL… FOREX ROUND TRIPPING DEEPENS

Posted on March 24, 2009 by Fortune&Class

Governor of Central Bank of Nigeria, Prof Chukwuma Soludo, may be fighting a lost battle in the foreign exchange segment of the money market. Since November 2008 when the value of the Naira, the national currency commenced a tail spin in a downward spiral that has become unrelenting, the CBN Governor had continued to [...]

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Filed under: BusinessNEWS | Tagged: akin akigbala, bank official, bank rate, banks officials, bureau de change operators, business, buy hard currencies, CBN, central bank new naira defence, currencies, foreign exchange, foreign exchange segment, forex round tripping, government officials, higher rate, money market, murtala muhammed international airport, naira, notable businessmen and women, official rate, policy measure, politicians, prof. chukwuma soludo, retail dutch auction, tempting template, Wholesale Dutch Auction market

« CENTRAL BANK NEW NAIRA DEFENCE STRATEGY TO FAIL… FOREX ROUND TRIPPING DEEPENS OTEDOLA, DANGOTE’S RELATIONSHIP GETTING MESSIER: AP N40BILLION PUBLIC OFFER MONEY TRAPPED IN BANKS »

6 Responses

CENTRAL BANK NEW NAIRA DEFENCE STRATEGY TO FAIL… FOREX ROUND TRIPPING DEEPENS « Forex @ Information-Source-Online.Com, on March 24th, 2009 at 10:40 am Said:

[...] Original post by Fortune&Class Magazine [...]
CENTRAL BANK NEW NAIRA DEFENCE STRATEGY TO FAIL… FOREX ROUND TRIPPING DEEPENS, on March 24th, 2009 at 10:54 am Said:

[...] Original post by Fortune&Class Magazine [...]
CENTRAL BANK NEW NAIRA DEFENCE STRATEGY TO FAIL… FOREX ROUND TRIPPING DEEPENS · Forex-Trade.ExplainedOnline.Net, on March 24th, 2009 at 11:08 am Said:

[...] Original post by Fortune&Class Magazine [...]
CENTRAL BANK NEW NAIRA DEFENCE STRATEGY TO FAIL… FOREX ROUND TRIPPING DEEPENS · Forex.ExplainedOnline.Net, on March 24th, 2009 at 11:29 am Said:

[...] Original post by Fortune&Class Magazine [...]
mk, on April 27th, 2009 at 11:30 am Said:

I really enjoyed reading your page… there is always more to learn… keep up the good work!
A. F. Martin, on September 28th, 2009 at 6:54 am Said:

thanks for the article… its, very interesting indeed….

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