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Nigeria's forex, bond, money markets stop trading after cbank governor's suspension

Source: Reuters - Thu, 20 Feb 2014 11:15 AM
Author: Reuters
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LAGOS, Feb 20 (Reuters) - Nigeria's forex, bond and money markets have all stopped trading because of uncertainty and volatility created by the central bank governor's suspension, several dealers told Reuters on Thursday.

"The market is frozen right now because no one wants to take position and the fact that the market was already short," said one dealer.

Nigerian President Goodluck Jonathan suspended Lamido Sanusi, an increasingly outspoken critic of the government's record on tackling rampant corruption, earlier on Thursday.

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