IMF warns Nigeria over large portfolio flows


Nigeria's current monetary stance is "appropriate and should remain geared towards sustaining low inflation and a stable financial system," the International Monetary Fund (IMF) said yesterday in a statement marking the conclusion of an Article IV consultation mission to the country.

The Central Bank of Nigeria, whose governor Lamido Sanusi is due to step down next summer, has "maintained stability of the naira, containing inflation and facilitating business confidence", the IMF said.


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