Naira was accepted abroad for trading in the 70s, says Ex-CBN deputy

The former Deputy Governor of Central Bank Of Nigeria, Dr Obadiah Mailafia, has appealed to the Federal Government to take measures that will make Naira convertible international trading currency. Mailafia, who spoke in Abuja on Monday, recalled that about 40 years ago, Naira was accepted abroad for trading and other purposes. “In the 70s, Nigerians […]

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17.24% drop in inflation shows marginal decrease in hardship: Expert

Economic experts, Dr Obadiah Mailafia, has said the latest 17.24 per cent inflation figures indicated a marginal reduction in prices of goods and services. Mailafia, a former Deputy Governor of CBN, told the News Agency of Nigeria (NAN) on Thursday in Abuja that the figures indicated that the rate of inflation was gradually coming down. […]

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