Bismarck Rewane, the managing director and chief executive officer of Financial Derivatives Company (FDC) has warned policymakers not to throw caution to the wind as a result of the recent stability of the naira that have become more predictable.
The economist stated that the quick appreciation of the naira is “temporary” and should be treated with caution, advising Nigerian policymakers not to be “carried away”.
“We’re seeing that the naira is strengthening but with caution. Let’s not be too hasty because it’s going to correct itself,” Rewane said at a presentation on Channels Television Friday.