Sanusi: CBN’s focus on price stability is a clear signal

The Former Governor of the Central Bank of Nigeria and the 14th Emir of Kano, Sanusi Lamido Sanusi says the apex bank’s return to its primary focus of price stability is a clear policy direction markets were expecting. Speaking to CNBC Africa, he reiterates aggressive monetary tightening, increasing forex liquidity and clearing outstanding backlogs are necessary to shore up the naira while renegotiating lower interest rates on ways and means negotiations are vital to ease current burdens.
Wed, 15 Nov 2023 11:57:11 GMT