No Plan To Devalue Naira, CBN Insists

The Central Bank Governor, Mr Godwin Emefiele, has reiterated the bank’s stance on not devaluing the naira as many Nigerians would expect.

According to him, the naira is appropriately priced at the moment.

He, however, noted that the bank would continue to monitor the economy before it fashions out modalities to commence the devaluation.

The CBN boss, who spoke at the Monetary Policy Committee meeting in Abuja, also told journalists that the monetary policy rate has also been left unchanged at 13% following key macro economic indicators in the nation’s financial system