Naira Hits New Lows Despite CBN Efforts, Sparking Price Hikes and Planning Woes for Manufacturers
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Manufacturers predict further price hikes due to naira's continued fall against the dollar, reaching N1,420/$ recently
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Frequent forex fluctuations make long-term planning difficult for manufacturers
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Naira has continued declining despite CBN's efforts, hitting new lows in parallel market
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IMF blames excess naira in circulation as one factor causing naira's fall
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Bringing down inflation seen as key to improving naira's value