“Policy Unsustainable:” Nigerian Bankers Say CBN’s Policy Bad for Economy as Naira Trades at N860/Dollar

“Policy Unsustainable:” Nigerian Bankers Say CBN’s Policy Bad for Economy as Naira Trades at N860/Dollar 

The Chartered Institute of Bankers of Nigeria (CIBN) has said the policy of the CBN to float the naira is terrible for the economy They revealed that the policy created a wide gap between the official and parallel markets The Lagos Chapter of CIBN, Adeyemo Adeoye, said the CBN should adopt a managed float to stabilise the naira.

Source: legi