RECENTLY, the CbN Governor, Mr. Godwin Ernefiele met with the
organised private sector to discuss developments in the foreign exchange
market. He gave insights into the continued pressure on the Naira,
blaming it on speculative activities of operators. He urged the Nigerian
business community to focus on local production, promising that the CbN
will assist local manufacturers of products that are now being imported
into the country.
Excerpts:
No cause for fear, panic
I would like to say, just to underscore a point, that people are nervous, people are worried, let me assure you and say that there is no need to be nervous, there is no need to panic. No doubt there is a need for concern, and we will certainly find a solution to the current crisis caused by falling oil prices. It is a journey that all of us are already in. I say with commitment, we will pass through it. That is why I am trying to say that there is no need for anybody to be nervous.
Read more at Click here / www.trade4x.net
Excerpts:
No cause for fear, panic
I would like to say, just to underscore a point, that people are nervous, people are worried, let me assure you and say that there is no need to be nervous, there is no need to panic. No doubt there is a need for concern, and we will certainly find a solution to the current crisis caused by falling oil prices. It is a journey that all of us are already in. I say with commitment, we will pass through it. That is why I am trying to say that there is no need for anybody to be nervous.
Read more at Click here / www.trade4x.net
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