In a bid to arrest the free fall of the naira at the parallel market, also known as black market, the Central Bank of Nigeria {CBN}, on Monday, announced new measures aimed at curbing the activities of currency speculators.
This was disclosed by the Acting Governor of the CBN, Folashodun Shonubi to State House correspondents at the Presidential Villa after briefing President Bola Tinubu on what the bank was doing to halt the slide of the naira.
According to Shonubi, President Tinubu expressed his concern over the effects of the recent developments in the foreign exchange market, particularly on average citizens.
