Nigeria Seek Dollar Loan Over Naira Pressure 

The International Monetary Fund has said the naira is currently under pressure and Nigeria is free to seek a loan from the Fund to stabilise the currency if it considers a good option. <br />The Washington-based lender however noted that recent exchange reforms and other steps taken by the Nigerian authorities were in order. <br />It also expressed support for Olayemi Cardoso-led Central Bank of Nigeria’s last week’s decision to halt the eight-year foreign exchange ban on cement, rice, poultry products and 40 other items. <br />IMF said inflation in Nigeria was till high at 26 per cent in August while the naira continued to be under pressure.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>