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President Bola Tinubu has assured Nigerians and investors that there is an ongoing plan to boost the country’s foreign exchange liquidity. This was as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said that the country was expecting about $10bn inflows in the nearest term, which would help to clear foreign exchange backlog and stabilise the naira. Speaking at the 29th Nigerian Economic Summit in Abuja […]
By Oduyemi Odumade The House of Representatives has urged the Central Bank of Nigeria to implement the monetary policy adjustments to stabilize the currency, address speculative activities in the forex market, and increase the withdrawal limit of the naira to reduce the pressure on dollars and other foreign currencies. The House also urged the Federal Government to formulate policies and structural Reforms to reduce corruption and promote economic diversification […]
