CBN seeks to come up with Policies to Strenghen the Naira.
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said that he expects the naira to stabilise while inflationary pressure is expected to reduce.
He further noted that the CBN would come up with policies to streghten the Naira. According to him, this would be done by increasing Nigeria’s foreign reserve which currently stands at $28.9 billion.
The Bank then assured Nigerians that foreign exhange would be made available to manufacturers and other businesses.