Presidency tells FX speculators to dump their dollars to prevent tears as the Naira gains value
The presidency has warned forex speculators that the naira would shortly appreciate. Bayo Onanuga, President Bola Tinubu’s Special Adviser on Information and Strategy, advised speculators to unload their dollars as soon as possible to prevent “tears”. Onanuga was reacting to the Central Bank of Nigeria’s (CBN) announcement that it has cleared the $7 billion foreign…