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BREXIT: Emefiele says no foreseen adverse impact for Nigeria just yet - BUSINESSDAY

APRIL 14, 2019

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said at the weekend that Nigeria does not face any adverse consequences from Brexit just yet, as negotiations deal gets tougher.

He said though negative impact could have resulted from immigration and trade but that the relationship between Nigeria and Britain on those two fronts was not strong enough to cause panic.

According to him, Nigerian authorities are reviewing the situation and would take necessary actions if needed.

Emefiele was speaking in Washington at the end of the spring meetings of the International Monetary Fund (IMF) and World Bank.

Just last Friday, the United Kingdom missed its second Brexit deadline, accepting the European Union’s offer to remain until October 31.

The UK’s inability to leave the EU on time is already impacting British and European politics.

….details shortly

 

Onyinye Nwachukwu, Washington DC

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