CBN defends reforms as Senate raises concerns over credit, inflation

From Adesuwa Tsan, Abuja

The Central Bank of Nigeria (CBN) has defended its monetary and foreign exchange reforms before the Senate, insisting that the policies have strengthened macroeconomic stability, restored investor confidence and placed the economy on a firmer footing, even as lawmakers raised concerns over bank lending, inflation, recapitalisation and the apex bank’s financial…