Nigerian central bank left its key interest
rate level unchanged first time in 2011 and devalued national currency Naira to
stimulate growth in Africa's largest oil producing country. Central bank kept interest
rate at record high 12% while devalued exchange rate from 150 Naira per US dollar
to 155 Naira per US dollar. In 3rd quarter country's economic growth
decelerated to 7.4% from 7.7% as oil production eased.