Speculators eroding Nigerian naira's value-c.bank

The Central Bank of Nigeria said on Tuesday it had provided a total of $6.7 billion in funding for the domestic foreign exchange market this year but that speculators had robbed the economy of the benefits.

"We have spent $6.7 billion on funding the inter-bank foreign exchange market (IFEM) this year alone," bank governor Joseph Sanusi told a media briefing. "Yet it has not impacted on job creation and productive purpose in the economy," Sanusi said. "Most of the foreign exchange demand are

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