Why we ignored calls for naira devaluation, by CBN

17 November 2015, Abuja—The Central Bank of Nigeria, CBN, yesterday, disclosed that it refused to further devalue the  Naira because it would not have had direct impact on the country’s exports as a mono-economy. The CBN Governor, Mr. Godwin Emiefele who stated this, added that naira devaluation would lead to hyper-inflation because when the import is […] More »