Godwin Emefiele, governor of the Central Bank of Nigerians (CBN), says currency speculators, betting on a fall of the naira, will lick their wounds again.
Speaking at the 2018 Annual Bankers Dinner in Lagos, Emefiele said some people are already betting on the fall of the local currency, following a drop in naira at the parallel market this week.
The governor said the CBN, under his leadership, has been in more difficult positions, yet defending the naira — a position the bank is still willing to maintain to keep the currency stable.
“Between day before yesterday and yesterday, we saw some uptick, and I can say that we are seeing that some of our friends at the other side are rearing their heads, and I want to assure them that they are going to lick their wounds this time again,” Emefiele said.
“If you are joining them in speculating, we are in a better position than we were in…
Read More…..The Cable News