Hours after it was announced that inflation had accelerated to a fresh 18-year-high of 24.1%, he suspended increases in gasoline prices, while the acting central bank governor this week warned foreign-exchange traders to stop betting against the naira.
According to Bloomberg the moves appear to undermine the two biggest steps he took after taking power in May: doing away with fuel subsidies that had cost the government billions of dollars a year and allowing the currency to trade more freely.
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