#SanusiSuspension: Nigeria’s President Sacking of Bank Chief Has spooked Investors – Economist Magazine

Renowned global magazine brand Economist has stated that the sacking of Nigeria’s Central Bank Governor could spell trouble for investment in the country. The Economist stated that, “In light of Mr Sanusi’s achievements, the president’s action has spooked investors. Analysts at investment banks have been scathing of Mr Jonathan’s decision. Mr Sanusi’s allegations of malpractice within the NNPC have also sparked concerns among debt investors about the government squandering more oil revenues in the run up to an election next year. Fewer foreign reserves may jeopardise the strength of the naira, a major concern for debt holders.” You can read more of the article here Trouble At Nigeria’s Central Bank – Playing Politics

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