CBN governor says naira "appropriately priced"

Africa's largest oil producer has restricted imports since June to offset a fall in vital oil revenues which has battered public finances and the naira currency.

CBN Governor, Godwin Emefiele.

Nigeria's naira currency is "appropriately priced" and the central bank does not plan any adjustments for the time being, the bank's governor Godwin Emefiele said on Monday.

"At this time...the currency is appropriately priced," Emefiele told a conference in London.

The naira has an official exchange rate peg of 196.95 per dollar but has traded weaker than that in parallel markets.


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