The Central Bank Governor (CBN), Godwin Emefiele had a trip to
Britain and the United States this week to try to lure back investors scared
off by the plunge in oil prices and resulting financial turmoil, a central bank
official said on Friday.
The central bank last month bowed to foreign pressure to
remove the 16-month-old 197-per-dollar peg on the naira it had brought in to
try and control its fall as crude prices plummetted.
Investors welcomed the move but many said they were still
steering clear until Africa's biggest economy shows signs of concrete recovery.
Central bank governor Godwin Emefiele and his deputy Sarah
Alade held meetings with investors in Britain and the United States, Reuters
reports.
"It was more like a roadshow to get investors back into
the country," and authorities were particularly keen to boost dollar
liquidity, he added.
The naira tumbled to a record low of 295.25 in thin trades
against the dollar on Friday after the central sold dollars to try and boost
liquidity on the interbank market, traders said. It was quoted at 365 on the
black market on Friday.
Reuters
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