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He further noted that throughout 2024, the CBN implemented bold policy measures across six Monetary Policy Committee meetings, including raising the Monetary Policy Rate by 875 basis points to 27.50 per cent, increasing the Cash Reserve Ratio for Other Depository Corporations by 1,750 basis points to 50.00 per cent, and adjusting the asymmetric corridor around the MPR.
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1630 and sell at N1640 on Saturday 1st February, 2025, according to sources atBureau De Change (BDC)..
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