Despite slump to N1,500/$1, Cardoso says worst of naira volatility over

Despite the recent slump by the Naira against the dollar, Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) has expressed optimism that the excessive volatility of the naira may be a thing of the past.

This is even as he disclosed that the apex bank is “relatively pleased” with the progress it has made in stabilising the naira.

Ripples Nigeria reports that the naira for the second consecutive day this week slumped to N1,500/$1 on Tuesday, June 25, 2024.

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