Soludo Breaks Silence, Bows to FG

Naira Redenomination Governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, said yesterday that the CBN has accepted President Umaru Musa Yar’Adua’s decision to suspend the planned re-denomination of the naira which was expected to take effect from August 1, 2008.Yar’Adua stopped the re-denomination of the naira last Friday on the ground that Soludo did not comply with the Sect...

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COMMENTS [total: 41]

• Experience from other countries indicates that Nigeria is not yet ripe for currency redenomination.The fundamental reason for ...
• I believe that Soludo was only experimenting his profesorial test with our economy. It is in my considered opinion that the pr...
• Well meaning Nigerians must find a way to remove this AGF. First it was EFCC so that he could shield his looting governor frie...