Cardoso's cards, naira's gain, enemies' pain, By Abdulrahman Abdulraheem
President Tinubu and Governor Cardoso should double down on their policies both on the fiscal and the monetary sides.
Source: premiumtimesng.com
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Rising naira value: Presidency backs Cardoso, vows further clampdown on racketeers
The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at stabilising the naira aligns with President Bola Tinubu’s “multi-faceted approach
Source: punchng.com
Rising naira value: We'll deal with racketeers, Presidency – Opinion Nigeria
As a result, the government and Organised Labour have been at odds for months over what the latter group claimed to be the government's inability to ease the suffering of the populace. Labour further contended that, given the skyrocketing cost of living, the N30,000 minimum salary was no longer sustainable.
Source: opinionnigeria.com
Naira sells below 1,280/$ at official, parallel markets
According to data from FMDQ Securities, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market closing below the N1,300 ceiling marks the first instance since January 26 of this year.
Source: punchng.com
Naira closes 1,309/$ as banks sell $2.5bn
In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making the naira strengthen to N1,309 against the United States dollar.
Source: punchng.com