Shettima: Naira Could Have Hit ₦1,000/$ if CBN Didn’t Intervene in FX Market скачать в хорошем качестве

Shettima: Naira Could Have Hit ₦1,000/$ if CBN Didn’t Intervene in FX Market

Nigeria’s Vice President Kashim Shettima has revealed that the Nigerian naira could have strengthened to about ₦1,000 per dollar within weeks if the Central Bank of Nigeria had not stepped in to stabilise the foreign exchange market. Shettima made the remarks during the Progressive Governors Forum Renewed Hope Ambassadors Strategic Summit in Abuja, where he highlighted the economic reforms introduced under the administration of Bola Tinubu. According to the Vice President, the CBN’s recent decision to allow licensed Bureau de Change operators access to foreign exchange through authorised dealer banks, with a weekly cap of $150,000, is part of broader measures aimed at stabilising Nigeria’s currency market. Shettima explained that the central bank’s intervention was not meant to weaken the naira but to prevent sudden currency appreciation that could destabilise the market. He noted that key economic indicators are beginning to improve, including declining inflationary pressure, stabilising oil prices, and growing investor confidence in Nigeria’s economy. He also warned individuals and businesses hoarding foreign currency that the improving economic outlook should serve as a signal to reconsider such actions. Highlighting investor interest, Shettima said Nigeria secured five out of the seven major investment decisions made in Africa last year, signalling rising global confidence in the country’s economic reforms. Prominent business leaders including Aliko Dangote and Femi Otedola have also predicted that the naira will strengthen significantly in the coming years. The comments come amid ongoing debates over exchange rate stability, economic reforms, and the future trajectory of Nigeria’s currency. 👍 Subscribe for more updates on Nigeria’s economy, politics, and financial developments. #Nigeria #Naira #Forex #NairaDollar #Shettima #KashimShettima #CBN #CentralBankOfNigeria #NigeriaEconomy #EconomicReforms #Tinubu #BolaTinubu #NigeriaFinance #ForexMarket #CurrencyMarket #NairaStrength #NigeriaNews #BreakingNewsNigeria. #NaijaNews #EconomicUpdate #NigeriaBusiness #InvestorConfidence #NigeriaInvestment #AfricanEconomy #NigeriaGrowth #OilPrices #InflationNigeria #FinancialNews #NigeriaPolicy #EconomicPolicy #NigeriaMarkets #CurrencyStability #DollarHoarding #FXMarket #NigeriaForex #NigerianEconomy #NigeriaEconomicReform #NigeriaEconomicGrowth #NigeriaFinancialNews #EconomicDevelopment #AfricaBusiness #WestAfricaEconomy #NigeriaInvestmentClimate #NigeriaTrade #EconomicStability #NigeriaMarket #FinancialReform #NigeriaFinanceNews #NigeriaNationalEconomy #NigeriaEconomicStrategy #NigeriaTradePolicy #NigeriaBusinessInsight #NigeriaEconomicVision #NigeriaPolicyReform #NigeriaBusinessClimate #NigeriaMarketUpdate #NigeriaCurrencyUpdate #NigeriaEconomicWatch #EconomicReformAgenda #NigeriaEconomicStrengthening #NigeriaFinancePerspective #NigeriaMarketPerspective #NigeriaEconomicFocusNews #Nigeria #FinancialStrategy #NigeriaInvestmentGrowth #Nigeria EconomicBriefing #NigeriaFinanceBriefing #Nigeria #EconomicRoundup #NigeriaMarketInsights #NigeriaCurrencyDebate #NigeriaEconomicProsperity #Nigeria #Nigeria #Nigeria#FinancialTalk #NigeriaPolicyFocus #NigeriaEconomicNewsUpdate #NigeriaEconomicInsight2026 EconomicReformTalk #NigeriaEconomicGrowthPlan #Nigeria FinancialLeadership #NigeriaCurrencyPolicy #NigeriaEconomicWatch2026 #NigeriaEconomicMovement #NigeriaBusinessDialogue #NigeriaFinanceAnalysis #NigeriaMarketTrends #NigeriaCurrencyTalk #NigeriaEconomicStrength2026 #Nigeria #FinancialUpdate #NigeriaEconomicPower #NigeriaFinanceWatch #NigeriaInvestmentTalk #NigeriaEconomicReport #NigeriaFinancialGrowthTalk #NigeriaCurrencyStrength #NigeriaEconomicProgress2026 #NigeriaFinancialVision #NigeriaEconomicFutureTalk #NigeriaEconomicDiscussion 2026 #NigeriaMarketLeadership #NigeriaFinanceFocus #Nigeria #EconomicPolicyTalk #NigeriaEconomicExpansion #NigeriaFinancialDialogue #NigeriaEconomicPolicyDebate #NigeriaEconomicForum #NigeriaEconomicConversation2026 #NigeriaFinanceForum #NigeriaEconomicLeadership2026 #NigeriaMarketConversation #NigeriaEconomicPlanning2026 #NigeriaFinanceStrategy #Nigeria #EconomicTransformationTalk #NigeriaFinancialProspects #NigeriaEconomicDirection #NigeriaMarketStrategy. #NigeriaFinanceMovement #NigeriaEconomicLeadershipForum #NigeriaEconomicDiscussionForum #NigeriaEconomicPolicyForum #FinancialPolicyDebate #NigeriaEconomicInsightForum #NigeriaEconomicDialogueForum #NigeriaFinanceDiscussionForum #NigeriaMarketDialogue #NigeriaEconomicVisionTalk #NigeriaFinanceVision #NigeriaEconomicProspects2026 #Nigeria #FinancialReformTalk #NigeriaEconomicDevelopmentForum #NigeriaEconomicStrengthForum #NigeriaFinanceConversation #NigeriaMarketVision #NigeriaEconomicAgenda2026 #NigeriaFinancialAgenda #NigeriaEconomicFocusForum #NigeriaFinanceFocusForum #NigeriaMarketFocusForum #NigeriaEconomicLeadershipVision