Lagos - In a move to shield their investments from the brewing monetary policy crisis, foreign investors have repatriated about $2 billion out of Nigeria since the suspension of the Central Bank of Nigeria (CBN) governor, Sanusi Lamido Sanus.
The figure is expected to rise until there is stability in the financial system, reports New Telegraph.
The decision by foreign investors to withdraw some of their funds came the same week the Central Bank of Nigeria further tightened liquidity.
The apex bank issued a total of N90 billion worth of bills in two auctions but sold bills worth N132 billion to mop up the excess cash in the system.
Read more at New Telegraph.
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