Nigerian president, bankers meet on currency drop

NIGERIA - The naira currency resumed trading in Nigeria on Apr 12 following a two-day closure of the local forex market but a meeting about the troubled currency between government officials and bankers failed to calm market nerves, banking officials said.

"I will not sit down here and allow Nigeria to hemorrhage to the point of death on the altar of liberalisation," President Olusegun Obansanjo said in a statement issued after the meeting. "There will be no runaway devalution here."

The central

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