April 29, 2024
the Nigerian Senate through its Committee on Finance has called for concerted efforts by all relevant stakeholders to rescue and sustain the stability of the naira.
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The naira persisted in its decline against the US dollar within the official exchange framework, concluding at 1,309.88 naira on Thursday, April 25.
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However, the naira, last week, recovered against the US dollar at the parallel market but began to depreciate again.
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In a statement issued by the Chairman of the Committee, Senator SANI MUSA (APC, Niger East), said there was an urgent need for concerted efforts at tackling the instability and continuous depreciation of the naira.
