ABUJA (Reuters) – Nigeria’s Central Bank Governor Godwin Emefiele met fund managers in London last week to lure investors back into the local naira currency, two banking sources told Reuters on Monday.
Authorities are hoping to boost liquidity on the forex market after the naira weakened.
Emefiele told investors that currency stability would continue, a fund manager and a banking source said. The naira weakened to 364 last week as oil prices fell.
(Reporting by Chijioke Ohuocha; editing by Alexis Akwagyiram and John Stonestreet)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters
or its third party content providers. Any copying, republication or redistribution of Reuters content, including
by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.
"Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.