Mr Olumide Adedoyin, the Registrar, Chartered Institute of Treasury Management (CITM), has warned the Federal Government on the alleged plan to re-denominate the naira, saying it would threaten economic stability, Vanguard reports. Adedoyin said this in a statement in Abuja on Tuesday against the backdrop of an alleged plan to re-denominate the naira. He said a strategic focus on government Investment for economic stability rather than currency re-denomination would suffice. According to him, re-denomination may provide a temporary solution to the exchange rate fluctuation, but it does not address the root causes of the volatility. The Registrar said, “re-denominating the naira could potentially undermine the confidence of investors, both domestic and foreign.” He added that the sudden change in currency denomination could lead to concerns about the stability of the economy and the government’s management of monetary policy. He said the country possessed the resources necessary to na...