Paris - President Muhammadu Buhari said the naira should not be devalued further, despite the Central Bank of Nigeria’s growing struggles to keep the naira at current levels, Punch reports.
The nation’s revenue has been hit hard by the fall of global crude prices, and the CBN has imposed increasingly strict foreign exchange rules to save the external reserves and avoid what would be the third devaluation in one year.
Also read: Central Bank in no mood to devalue naira
The central bank had devalued the naira in November last year and February this year.
Buhari believes the naira must not be devalued.
Read more at Punch
- News 24