Tuesday, December 3, 2013

Nigeria: Central Bank Governor Sanusi to step down in June 2014 - investors concerned in run up to 2015 Presidential election

Nigeria’s central bank Governor Lamido Sanusi. PHOTO/File

(Bloomberg) - Nigerian central bank Governor Lamido Sanusi will be stepping down in June next year, raising concerns among investors that his success in curbing inflation and stabilizing the currency may unravel in a pre-election year.

In his 4 years in office, Sanusi, 52, overhauled a banking industry that was near collapse, cut the inflation rate to the lowest level in more than 5 years and helped to keep the currency

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