Nigeria's New Central Bank Governor, Godwin Emefiele, Seeks Stable Naira & Rate Cuts

Godwin Emefiele, Governor, Central Bank of Nigeria (CBN)

Nigerian central bank Governor Godwin Emefiele pledged to maintain stability in the currency and signaled policy makers may begin cutting interest rates.

“Under my leadership the bank will continue to focus on maintaining exchange rate stability and preserve the value of the domestic currency,” Emefiele told reporters today in the capital, Abuja, in his first public comments since taking office two days ago.

Read more: Nigeria Central Bank Governor Seeks Stable Naira, Rate Cuts – Bloomberg.