2 hours ago
3
ARTICLE AD BOX
President Bola Ahmed Tinubu has said the naira volition admit to N1000 per dollar successful the coming weeks.
The president disclosed this successful his remarks astatine the Renewed Hope Ambassadors Summit successful Abuja connected Tuesday.
He confirmed that the Central Bank of Nigeria had to intervene connected Monday by mopping up excess dollars to stabilize the Naira.
According to him, monetary argumentation measures by his medication are yielding results.
“In fact, if not for the interventions by the Central Bank of Nigeria yesterday(Monday), the N1,000 to a dollar, we are going to attain it successful weeks, not successful months.”
DAILY POST reports that the naira depreciated to 1,355.3745 and N1370 per dollar connected Tuesday crossed the authoritative and achromatic markets.
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, connected Tuesday, during a briefing aft its 304th Monetary Policy Committee, said the country’s gross outer reserves accrued to a 13-year precocious of $50.45 cardinal connected February 16, 2026.
English (US) ·