Naira strengthens to N1,173 at official market

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Naira,Wale Edun

Naira yesterday surged to a new height of N1,173.88 at the official while appreciating slightly to N1,480 as against N1,500 it was on Monday

at the unofficial market. at the unofficial market.

Stakeholders argue that the Nigerian naira needs stability, just as the latest gain will further interrogate the potency of CBN’s monetary policy rate and other fiscal policies to stabilise the naira. The Minister, who did not mention any policy decision taken so far by the government to stabilise the naira going forward, argued that as inflation comes down, it will give the monetary authority a chance to stabilise the exchange rate.”Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

Condemnation has continued to trail the demolition of residential houses in Enugu City and an ancient market in Nsukka by the Enugu State government, which plans to make way for bus garages and parks. Rivers State Governor, Siminalayi Fubara, has vowed to fight insecurity and sea piracy, as well as address issues of boat mishaps in the state. According to the governor, who revealed that he is only celebrating four years of purposeful leadership

 

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