Central Bank Stops Naira from Reaching ₦1000/$ Rate

The Nigerian Presidency announced that the Central Bank intervened to prevent the Naira from appreciating to ₦1000/$ in order to stabilize the foreign exchange market. This statement was made by Vice President Kashim Shettima during a meeting with the Progressive Governors Forum in Abuja.

Shettima called on individuals to refrain from stockpiling dollars, which could exacerbate the situation. Furthermore, he urged political leaders in Benue State, including Governor Georg Akum and Hyacinth Alia, to resolve their differences and work collaboratively for the state's progress.

Shettima highlighted the importance of unity within the party, the Progressive Congress, to avoid conflicts that could hinder development. He noted that Akum has held several significant positions, including governor, senator, and minister, and emphasized that restoring peace and cooperation among leaders is crucial for the welfare of the people in Benue State.