Deputy Governor of Central Bank of Nigeria (CBN), Financial Sector Stability, Dr. Okwu Joseph Nnanna has said that ongoing speculative attack on the naira exchange rate will soon end, and expressed optimism that speculators will have soon be caught and punished.
Dr. Okwu Joseph Nnanna made the assertion at a joint Appropriation Committee of the Senate and House of Representatives, which sat yesterday to harmonise views and to engage various organs of government on the 2016 Budget.
He added that as soon as the 2016 Budget is passed, the CBN would engage in extensive liquidity management that would put an end to the current volatility of the exchange rate.
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