CBN supports naira to reassure nervous investors


Issue 219 - 04 Nov 2011 | 2 minute read

Central Bank of Nigeria (CBN) governor Sanusi Lamido Sanusi used The Economist’s 20 October Nigeria Summit in Abuja to stress that the naira would not be devalued – in a move to reassure investors worried about continued instability. Sanusi argued that to devalue the currency, which is pegged to the dollar,

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