Is Central Bank Defending the Naira or Dollar?

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[Vanguard] As I speak to you, our external reserves stand above $31bn and that provides us with enough fire power to be able to defend the Naira” Godwin Emefiele (CBN Governor, April 25, 2017). However, the question is: Is the CBN actually defending the Naira? This question is examined in the above title, which was first published in Punch and Vanguard Newspapers on January 12, 2015. Please read on:
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