By Yusuf Ozi-Usman Yusuf Ozi-Usman Faced with economic crisis, the Central Bank of Nigeria (CBN) appears to be leading Nigeria down the economic precipice, with it’s strange devaluation of Nigeria’s currency, the Naira, against the US Dollar. CBN Governor, Godwin Emefiele, who spoke to newsmen after a meeting of the Monetary Policy Committee on Tuesday, announced that Naira has been devalued by N13. He said that the Naira devaluation is part of efforts to strengthen the nation’s economy, adding that under the new arrangement, the Naira would now exchange for N168 instead of the old official rate of N155 to one US dollar. While the end users of the economy like me were thrown off balance and the financial experts are putting their thoughts together on how to handle the situation, the deputy governor of the same CBN, Dr. Joseph Nnanna countered that CBN did not devalued naira but merely announced a new exchange rate in compliance with market forces. “The CBN,” N
EbiraView Media Publication News, People, Politics, Lifestyle, Events and more.