Tag: currency crisis

The case ‘for and against’ floating the naira

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.