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The Nigerian local currency, the Naira, appreciated slightly against the United States dollar at the Investors and Exporters window on Monday as it exchanged at N436 as the foreign reserves tracked lower further for third weeks.

The fixed income market has swung to solo mode as investors await the outcome of the monetary policy committee of the central bank’s decision on the benchmark interest rate. A slew of analysts predicted that the monetary authority will step up on its hawkish stance to curb fast rising headline inflation in the country.