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Tinubu recently suspended Mr Godwin Emefiele as the Central Bank Governor and adopted a clean float foreign exchange management.In a press statement signed by CBN director in charge of financial markets, Angela Sere-Ejembi, the apex bank announced immediate changes to operations in the Nigerian Foreign Exchange market.
“I don't even know how many rates they have. Without eliminating that rate and allowing the Naira to find its own balance. Not by floating, but by ensuring that our microeconomic policies are in tandem with the managers of our economy.“They all understand that the economy should be managed in certain ways.
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