Monday, April 15, 2019
Advertisement

Deal or no deal, Emefiele says Brexit will have no adverse effect on Nigeria

Deal or no deal, Emefiele says Brexit will have no adverse effect on Nigeria
April 14
18:48 2019
Advertisement

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the intending exit of Britain from the European Union will not have an adverse effect on Nigeria.

Speaking on Sunday while briefing the Nigerian delegation at a press conference to close the spring meetings of the World Bank and International Monetary Fund, the governor said Britain is not one of Nigeria’s major trade partner

“Let me say that the Brexit thing is about immigration and also about trade opportunities,” he said.

“On trade, I would say that though Britain and Nigeria have a trade relationship but not as strong as what we have with China and the United States.

“For instance, China is Nigeria’s trading partner followed by the United States. And I had imagine that Britain comes quite low on the scale.

“So if you look at that, you would find that, in my view, there is not going to be any adverse consequences on Nigeria but we are reviewing it to see the implication, which I would expect would naturally be positive.”

During the course of the meetings, Christine Lagarde, managing director of the IMF, had listed Brexit and trade tensions between the US and China as the major downside risks to the global economy.

In 2016, citizens of the United Kingdom had voted to leave the European Union; setting a March 29 deadline.

The deadline has now been extended till October 31.

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2019 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement
Advertisement
Advertisement

Exchange Rates

April 15, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement