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CBN plans new measures to stabilise naira

Currency speculators may run into losses

Folashodun Adebisi Shonubi
Folashodun Adebisi Shonubi, Acting Governor, CBN

The Central Bank of Nigeria (CBN) has said that new measures will be taken to stabilise the naira against the dollar.

The acting governor of the CBN, Folasodun Sonubi, revealed this to newsmen after a meeting with President Bola Tinubu in Abuja on Monday, August 14, 2023.

Sonubi said Pres. Tinubu is worried about the consistent fall of the naira against the dollar, hence efforts are being made to curb the situation.

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