Monday 21 December 2015

Emefiele promises stable naira in 2016

Central Bank of Nige­ria (CBN) Governor, God­win Emefeile said at the weekend that the apex bank is evolving additional mea­sures to boost the economy and stabilise the naira.

Emefeile spoke during an interactive session with some editors in Abuja. He, however, declined to give details of the measures and modalities for their imple­mentation
“Don’t ask me because I will not disclose our strat­egy for now,’’ adding that doing so would be counter-productive and pre-emptive.
The CBN boss explained that the economy was not as bad as being portrayed when compared with other economies in Africa.
He advised importers to restrict their imports to raw materials and equip­ment rather than finished products and food to reduce the pressure on the nation’s scarce foreign exchange.


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