ABUJA (Reuters) - Nigeria's central bank Governor designate Lamido Sanusi said on Wednesday the naira should continue to strengthen and stabilize from its current rate of 165 naira to the U.S. dollar. "It will continue to strengthen as it is clear there will be a convergence," said Sanusi, who is First Bank's managing director, at his Senate confirmation hearing. "What we need to do is open the interbank market, to improve the bank open position limits, to go back to wholesale debt auction, and to reverse the emergency measures that were taken, which were temporary, as quickly as possible." President Umaru Yar'Adua nominated Sanusi on Monday to replace outgoing central bank Governor Chukwuma Soludo. |