Nigeria's Finance Minister Kemi Adeosun speaks at a news conference in Lagos, Nigeria, April 9, 2016. Nigeria is considering selling Chinese Panda bonds to help finance the 2016 budget, its finance minister said on Saturday. REUTERS/Akintunde Akinleye - RTX296PG
HighlightTop Story

Adeosun: Naira will Continue To Get Stronger

401

[dropcap]T[/dropcap]he Naira has every reason to keep rising says minister of finance Kemi Adeosun.

The minister on Thursday said there’s no significant risk of devaluation in the medium term, due to the stability of the currency across multiple exchange rates for more than three months, while the central bank continues to intervene with dollar sales on the official market.

The Central Bank Governor Mr Emefiele has always said that the apex bank will defend the Naira fiercely. Emefiele has implemented a number of important measures, provided strong moral support for the Federal government and also restored the financial sector faster than expected and carried out a highly successful rescue of the economy.

Emefiele at the London Stock Exchange

In all, given the starting point, the performance of the Nigeria economy has been remarkable, according to global financial experts in Washington, during the 2017 Annual World Bank/IMF meeting.

 

Leave a comment

Related Articles

Power grid failure: Nigeria plunged into darkness again

For the umpteenth time, a system collapse hit Nigeria’s national grid on...

Over 2,500 Erosion Sites, Rising Unemployment Plague South East – SEDC MD

Mr. Mark Okoye, the Managing Director/CEO of the South-East Development Commission (SEDC),...

EU, Germany Unveil Joint Initiative to Enhance Nigeria’s Renewable Energy Capacity

The European Union (EU) and Germany have launched a country window initiative...

FG Targets Lower Food Costs with Increased Investments in Agricultural Sector

The Federal Government has reaffirmed its commitment toward lowering the cost of...

Rotatory Presidency: Power ‘Ii return to North after Tinubu’s potential re-election in 2027 – APC Chair Ganduje

Dr. Abdullahi Ganduje, the National Chairman of the All Progressives Congress (APC),...

Real Madrid Stun City at the Etihad with Late Comeback in Champions League Play-off

By Samuel Akpan with agency report Manchester City’s hopes of advancing in...

NNPCL Chief, Kyari, Unveils Strategic Priorities for Africa’s Sustainable Energy Development

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum...

.EFCC arraigns man in court for rejecting Naira as legal currency

For allegedly refusing to accept the Naira as a legal tender and...

House of Reps appoints new deputy chief whip

Following the passing away of former Deputy Chief Whip Adewunmi Onanuga, the...

Alleged N20bln fraud: Court grants Ex-AMCON boss, Kuru N50m bail, adjourns until March 7

Justice Ramon Oshodi of the Lagos State Special Offences Court in Ikeja,...

Five months after cabinet reshuffle: Tinubu orders ministers to render account of stewardship

President Bola Tinubu has directed his ministers to provide an immediate account...

Updated: CBN Increases ATM Fees, Scraps Free Withdrawal Policy

The Central Bank of Nigeria (CBN) has announced a significant revision to...

Africa Must Prioritize Energy Access Amid Global Transition, says Petroleum Minister Lokpobiri

Nigeria’s Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has said...

Reps Call for Military Intervention in Borno Communities Amid Boko Haram Resurgence

Following recent Boko Haram attacks that left scores of people killed and...

Flying Eagles Return to Camp for Egypt Friendlies Ahead of U20 AFCON

Ahead of AFCON, Nigeria’s U20 boys and seven-time African champions, the Flying...

Just in: CBN Introduces New ATM Transaction Fees Effective March 1

The Central Bank of Nigeria (CBN) has announced a review of transaction...

Unresolved crisis: PDP suffers another defection as House of Reps member joins APC

Rep. Amos Magaji (Jaba/Zango Kataf Federal Constituency, Kaduna) of the Federal House...

Three weeks after vandalism, TCN begins repairs of Abuja transmission line

Three weeks after vandals damaged an underground transmission line near Millennium Park...

Daniel Bwala opens up on his past vociferous criticism of Tinubu’s govt.

Mr. Daniel Bwala, the Special Adviser to the President on Policy Communications,...

Supreme Court ruling fails to resolve Rivers Assembly leadership crisis

Human rights lawyer Femi Falana has clarified that the Supreme Court’s decision...