Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Naira’s Rise: Is it Here to Stay?

Eriki Joan UgunushebyEriki Joan Ugunushe
April 21, 2024
in Business & Finance
0
Naira’s Rise: Is it Here to Stay?
Share on FacebookShare on TwitterShare on Whatsapp

Nigerians have been celebrating the recent strengthening of the Naira against the dollar. However, a slight dip today has raised questions about whether this is a temporary blip or a sign of trouble.

Central Bank Governor, Yemi Cardoso, addressed these concerns. He acknowledged that the exchange rate won’t stabilize overnight and there will be fluctuations. But he assured Nigerians that the CBN is working towards a stable exchange rate.

“There will be ups and downs,” Cardoso said, “but the Naira has already started strengthening again. Our goal is to achieve a stable rate that reflects its true value. This is an ongoing process.”

Naira’s Rise: Is it Here to Stay?

Table of Contents

Toggle
  • Can the Good Times Roll?
  • The Bottom Line

Can the Good Times Roll?

The CBN is also aiming to attract more money from Nigerians living abroad (diaspora remittances) and foreign investors. Governor Cardoso admitted it’s a big target, but he believes it’s achievable.

So far, the response from foreign investors has been positive, according to Cardoso. He explained that the CBN is actively engaging with them and keeping them updated on economic reforms. This positive sentiment, he believes, will continue.

The Bottom Line

The Naira’s recent appreciation is encouraging, but Nigerians should expect some bumps along the road. The Central Bank is working on long-term solutions to achieve a stable and fair exchange rate. They’re also looking to attract more investment from abroad to further strengthen the Nigerian economy.

Tags: federal characterNaira's Rise: Is it Here to Stay?News
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 20, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 19, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 18, 2025
Next Post
Kogi Governor Showered with Backhanded Praise by Reno Omokri

Kogi Governor Showered with Backhanded Praise by Reno Omokri

APC Faction Suspends Ganduje Over Alleged Anti-Party Activities

APC Faction Suspends Ganduje Over Alleged Anti-Party Activities

Nigeria Takes a Step Towards Cleaner and Cheaper Transportation with CNG Initiative

Nigeria Takes a Step Towards Cleaner and Cheaper Transportation with CNG Initiative

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Student Ally of Bangladesh’s Former Prime Minister Beaten to Death on Campus

Student Ally of Bangladesh’s Former Prime Minister Beaten to Death on Campus

1 year ago
Michael Penix Jr. Catapulted Washington To The CFP

Michael Penix Jr. Catapulted Washington To The CFP

2 years ago
Easy, Cost Effective DIY Crafts You Should Try Out This Festive Season 

Easy, Cost Effective DIY Crafts You Should Try Out This Festive Season 

2 years ago
MultiChoice Fined N100,000 by Tribunal, Directors Risk Jail Over Subscription Price Increase.

MultiChoice Fined N100,000 by Tribunal, Directors Risk Jail Over Subscription Price Increase.

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

“Why I Later Supported Regina Daniels’ Marriage” To Ned Nwoko — Rita Daniels

Iyabo Ojo Celebrates as Priscilla and Juma Jux Arrive Nigeria with Grandchild

“How I Surpass Michael Jackson in Classics” – Sir Shina Peters

Ryan Taylor Reveals Why His Engagement to DJ Cuppy Ended After Less Than a Month

NBA 2025-26 Season Preview: Will OKC Be Able to Repeat or Is It Luka, Giannis, and Jokic Who Will Grab the Spotlight?

Tensions Rise in Spain as Real Madrid Challenge a Game That Won’t Be Played at Home

Trending

Sean Dyche Appointed as Nottingham Forest New Head Coach
Sports

Sean Dyche Appointed as Nottingham Forest New Head Coach

byHashim Kolawole
October 21, 2025
0

Sean Dyche has been named by Nottingham Forest as their new head coach, the club announced on...

Movie Review: MeadBowbrook Heart – A Touching Story That Suffers from Slow Pacing

Movie Review: MeadBowbrook Heart – A Touching Story That Suffers from Slow Pacing

October 21, 2025
Blaqbonez Spills His Controversial Marriage Secrets

Blaqbonez Spills His Controversial Marriage Secrets

October 21, 2025
“Why I Later Supported Regina Daniels’ Marriage” To Ned Nwoko — Rita Daniels

“Why I Later Supported Regina Daniels’ Marriage” To Ned Nwoko — Rita Daniels

October 21, 2025
Iyabo Ojo Celebrates as Priscilla and Juma Jux Arrive Nigeria with Grandchild

Iyabo Ojo Celebrates as Priscilla and Juma Jux Arrive Nigeria with Grandchild

October 21, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Sean Dyche Appointed as Nottingham Forest New Head Coach
  • Movie Review: MeadBowbrook Heart – A Touching Story That Suffers from Slow Pacing
  • Blaqbonez Spills His Controversial Marriage Secrets

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com