• Why the Naira is currently undervalued – Emir Sanusi shares reasons

    Why the Naira is currently undervalued – Emir Sanusi shares reasons

    Former Governor of the Central Bank of Nigeria and Emir of Kano, Muhammad Sanusi II, has disclosed why the Nigerian currency is currently undervalued.

    Emir Sanusi said this in an interview with a media house in his recent visit to Washington DC, fiscal and monetary policy.

    He said with the purchasing power parity, nominal exchange rate and the current rate of inflation, the value of naira at 300 is still slightly undervalued.

    His words: “While I think the naira is undervalued, certainly if […]