Tuesday, July 23, 2024
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Naira Weakens as Nigerian Lawmakers Vet New Central Bank Boss – Bloomberg

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Nigerian senators voiced concern about the naira at a hearing to confirm the county’s new central bank governor, after the currency weakened to a record low against the dollar.
“What are you going to do in the short term, middle term and long term” to rescue the naira? asked Senator Orji Uzor Kalu, echoing the sentiment of other lawmakers as they questioned Olayemi Michael Cardoso on Tuesday in the capital, Abuja. “Because naira is finished.”

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