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The case ‘for and against’ floating the naira

PUBLISHED: Wed, 23 Jan 2019 07:51:42 GMT

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Governor of the Central Bank of Nigeria, Godwin Emefiele says allowing the naira to float freely would have caused a currency crisis and capital flight. He made the remark in response to a question about the bank’s currency restriction imposed in 2015. Uche Ugboh, Head of Asset and Liability Management a Diamond Bank joins CNBC Africa to discuss this story.


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