- The founder of Stanbic IBTC has faulted the current CBN’s strategy of saving the naira against the dollar
- According to Peterside, the CBN will need to work on stabilizing the reserve and stabilizing the naira value to a reasonable level
- This occurred as the naira plunged on Thursday, May 15, reaching its lowest in May and raising concern for Nigerians
Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market
Atedo Peterside, the founder of Stanbic IBTC and the ANAP Foundation, claims that the President Bola Tinubu-led administration’s pressing desire for the naira to strengthen against the dollar and other foreign currencies is not the best strategy for doing so.
