The recent decision by the Central Bank of Nigeria (CBN) to readmit the 43 items to the official foreign exchange market is a policy that must be handled with utmost care. Implemented correctly, it has the potential to help the authorities tackle some of the nagging macroeconomic challenges facing the country now. But, if it…
The Chief Executive Officers and top management staff of banks may also be probed during the ongoing investigation of the activities of the Central Bank of Nigeria, according to findings by The PUNCH.
He added that it is usually not advisable to have a CBN governor with a background in banking as there tends to be a “romance” between the banks and the apex bank.