Tag: Osita Nwanisobi
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We’re working to avert further Naira fall – CBN
The Central Bank of Nigeria (CBN) has assured that it would continue to make deliberate efforts in the foreign exchange sector to avert further downward slide in the value of the naira, which it said was fuelled by speculative tendencies. The Director, Corporate Communications at the CBN, Mr. Osita Nwanisobi, yesterday, advised the public to…
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Naira Slides Further to N575/$ Despite CBN’s Assurance
The naira has been facing consistent downslope for quite some time. On Thursday, it slides again to N575 despite assurances by the Central Bank of Nigeria that there is sufficient foreign exchange to meet the legitimate needs of Nigerians. The naira maintained a downward trend, falling to 570/$ on Friday morning from N490/$ before the…