CBN WILL SUPPORT DOMESTIC PRODUCTION NEEDS – EMEFIELE

emefiele

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said on Wednesday the bank would continue to explore further avenues to ensure that interest rates are supportive of domestic production needs.

The CBN governor stated this while delivering a keynote address at the 24th edition of the CBN annual seminar for finance correspondents and business editors in Awka. The theme of the seminar is: “Import Substitution and the Dynamics of Interest and Exchange Rates Management in Nigeria.”

Emefiele, represented by the Acting Director, Corporate Communications Department of CBN, Mr. Issac Okorafor, said the apex bank would also continually fine tune measures to guarantee stable exchange rate regime.