Tinubu Gives Acting CBN Governor Matching Order to Improve Liquidity In Foreign Exchange Market

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President Bola Ahmed Tinubu has given a matching order to the Acting Governor of the Central Bank of Nigeria, Folashodun Shonubi to come up with measures that can improve the liquidity in the foreign exchange market and streamline ongoing practices of the speculators.

Coming out of a crucial meeting with the President, the acting CBN governor said that President Tinubu was concerned about the ongoing trends in the FOREX and parallel markets and has instructed that no stone should be left unturned towards ensuring that the entire financial environment is more conducive to ordinary Nigerians.

Shonubi hinted that in a few days, far reaching policies would be put in place to prevent speculators from engaging in acts detrimental to the general wellbeing of the nation’s monetary and financial market.

TRK-UP-FOLASHODUN SHONUBI
ACTING CBN GOVERNOR

Meanwhile, In days to come, there are indications that there will be some injections into the foreign exchange market towards reversing some ongoing momentum for better stability.