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We lost N500bn to flexible foreign exchange policy-MAN

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The Manufacturers Association of Nigeria (MAN) has said Central Bank of Nigeria’s (CBN) flexible exchange rate policy had culminated in N500 billion loss for manufacturers. Chairman, MAN, Apapa Branch, Mr Babatunde Odunayo stated this during the 45th annual general meeting of the branch today in Lagos. According to him, Letters of credit and form Ms ...

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