NIGERIAN CENTRAL BANK HAS NO PLANS TO DEVALUE THE NAIRA……..

Nigeria Naira

By: Economic & Finance Report

The Nigerian Central Bank has made strong indications that they would not devalue the Nigerian Naira. They have maintained over the last 4-5 months that they will be monitoring speculation and stabilizing the Naira against currency fluctuations.

The Central Bank has indicated it sees no reason currently to devalue the currency, ¬†and the effect seems to be holding up… The question many analyst have indicated, is how long will this go forward????? The Naira has been flat since ¬†March 2015. It has hovered around$198-$199 to $1 USD. Time will tell what will eventually occur. -SB

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