In Nigeria CBN governor says naira "appropriately priced"

Africa's largest oil producer has restricted imports since June to offset a fall in vital oil revenues which has battered public finances and the naira currency.

  • Published: , Refreshed:
CBN Governor, Godwin Emefiele. play

CBN Governor, Godwin Emefiele.

(watchdogreporters)
24/7 Live - Subscribe to the Pulse Newsletter!

Nigeria's naira currency is "appropriately priced" and the central bank does not plan any adjustments for the time being, the bank's governor Godwin Emefiele said on Monday.

A trader changes dollars with naira at a currency exchange store in Lagos February 12, 2015. REUTERS/Joe Penney play A trader changes dollars with naira at a currency exchange store in Lagos February 12, 2015. REUTERS/Joe Penney

 

READ: '32 million bank account holders yet to enroll' - CBN

"At this time...the currency is appropriately priced," Emefiele told a conference in London.

Africa's largest oil producer has restricted imports since June to offset a fall in vital oil revenues which has battered public finances and the naira currency.

 

READ: Apex bank to inject more money into the economy

The naira has an official exchange rate peg of 196.95 per dollar but has traded weaker than that in parallel markets.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.