CBN officially floats naira (Full Text of Speech)


An Address by Godwin I. Emefiele, CON, Governor, Central Bank of Nigeria

At the Unveiling of the Framework for Re-introduction of Managed Float Exchange Rate System

15th June 2016

Good afternoon ladies and gentlemen and welcome to the Central Bank of Nigeria (CBN). The Management of the Bank has called this Press Conference in response to one of the commitments contained in the Communiqué of the Monetary Policy Committee (MPC) of 24th May 2016. Having consulted widely and prepared carefully, the committee of Governors of the CBN is delighted to unveil to relevant stakeholders and the general public, the broad framework and guidelines of the Flexible Exchange Rate Inter-bank Market, which we alluded to at the end of that MPC Meeting. Before I proceed into the details of this new policy, please permit …Read More

Source:: Nigerian Pilot