Lamido Sanusi, Nigeria’s ousted central bank governor, filed a court challenge against his suspension by Nigerian President Goodluck Jonathan. The action was filed at the Federal High Court in the capital, Abuja, Owolabi Odekunle, a partner at Sanusi’s legal representatives Kola Awodein and Co., said in an e-mailed reply to […]
Tag: Lamido Sanusi
Nigeria naira eases: c.bank intervention no help
Nigeria’s central bank intervened with dollar sales to lift the naira on Wednesday but strong demand for the U.S. dollar outweighed the move. Dealers said uncertainty about monetary policy following the suspension of central bank governor Lamido Sanusi last week and reduction in foreign portfolio flows continued to weigh on […]
Naira Devaluation Seen on Central Bank Upheaval: Africa Credit
Nigeria’s currency is at risk of being devalued after President Goodluck Jonathan suspended the central bank governor last week, eroding confidence in monetary policy and sending the naira to a record low. The naira, which rose for the first time in six days yesterday, posted its biggest five-day drop in […]
