Acting Nigerian Central Bank Governor assures recent suspension of former Governor won’t affect stability

Alade assures stakeholders of system, currency stability

The Acting Central Bank Governor, Dr Sarah Alade, has assured stakeholders that the recent changes in the apex bank will not affect Nigeria’s monetary policies.

Alade made this known when she briefed newsmen in Abuja on Friday.

President Goodluck Jonathan had on Thursday suspended the apex bank governor, Malam Sanusi Lamido sanusi, and directed Alade who was a deputy governor, to oversee the affairs of the bank. N5,000 NOTE: Mallam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria, CBN (right) and CBN Deputy Governor, Serah Alade, at a briefing on the introduction of N5,000 note, with image of three Nigerian women, to be introduced in 2013, in Abuja. PHOTO: Gbemiga Olamikan. Alade assured that the bank would continue to intervene in the interbank foreign exchange market to ensure stability of exchange rate of naira and preserve the value of the domestic currency.

“I wish to use this opportunity to reassure all our stakeholders, including the international community, that the recent changes at the CBN will not in any way affect the country’s monetary policy direction.

“It will not also affect the pursuit of the bank’s primary […]

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