Hafeez told Reuters in an interview that a spread of attacks further south or to the commercial hub of
He said: "The investment community is very well informed ...
"The way the market looks at Boko Haram ... it's still relatively restricted in terms of geographic presence ... but an increase (of attacks) to anywhere in the major centres will have consequences," he said.
FCMB last week mandated
Hafeez said he expected more to follow.
"The demand for long-term dollars is increasing in
He said banks were tapping Eurobonds to bolster their capital bases and also to finance big-ticket deals in the oil and gas and newly privatised power sectors.
Elections next year could become a worry if they affect the naira exchange rate to the dollar and interest rates.
"I think we could expect a certain amount of volatility pre-election but have I seen people sitting on the fence? Not really," he said.
"Commercial realities determine the strategies, so it's really not elections per say, it's what elections will do to the FX, interest rate market."
Incoming central bank governor has said he will work to maintain a stable exchange rate and will not lower interest rates before 2015.
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