The Central Bank of Nigeria, Governor, Godwin Emefiele on Monday doused concerns about the exchange rates of the naira, saying that the currency is “appropriately priced” and the apex bank does not plan any adjustments for the time being.
The CBN had introduced a bouquet of measures to that the value of the naira does not run away.
Some have criticised the measures for being anti-business.
The naira has an official exchange rate peg of 196.95 per dollar but has traded weaker than that in parallel markets.
