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 Food & Nutrition

We are working to Avert Further Naira Fall – CBN

Somto NwanoluebySomto Nwanolue
July 29, 2022
in Food & Nutrition
0
We are working to Avert Further Naira Fall – CBN
Share on FacebookShare on TwitterShare on Whatsapp

With the demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria -CBN, has reassured the citizens of the country that it would continue to make intentional efforts in the foreign exchange sector to avoid a further downward slide in the value of the naira, which it said was fuelled by speculative tendencies.

The Director of Corporate Communications at the CBN, Mr. Osita Nwanisobi, yesterday, advised the public to resist the urge of falling to the news of speculative activities of a few players in the foreign exchange market.

Reiterating an earlier position of the CBN Governor, Mr. Godwin Emefiele had urged Nigerians to play their role by re-adjusting their consumption patterns, looking inwards, and finding innovative solutions to the nation’s challenges.

He added that monetary policy alone could not bear all the burden of the expected adjustments needed to manage the challenges around Nigeria’s foreign exchange and admonished:

“It’s our collective duty as Nigerians to shore up the value of the Naira”

According to him, the CBN remained assured of resolving the foreign exchange issues confronting the nation and as such has been working hard to manage both the demands and supply side challenges.

Tags: cbndevalueDollarEmefieleNaira
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

Related Posts

4 Steps in Building a Mediterranean Diet
Food & Nutrition

4 Steps in Building a Mediterranean Diet

January 7, 2025
How to Avoid Eating Out in 2025: Easy Tips & Strategies
Food & Nutrition

How to Avoid Eating Out in 2025: Easy Tips & Strategies

January 3, 2025
How to Transport A Cake Without Smudging It?
Food & Nutrition

How to Transport A Cake Without Smudging It?

January 3, 2025
Next Post
Olayinka Scores  Two Goals in Slavia Prague’s 7-0 Home win for the next round.

Olayinka Scores  Two Goals in Slavia Prague's 7-0 Home win for the next round.

Firmino Is Liverpool Heart and Soul- Klopp

Firmino Is Liverpool Heart and Soul- Klopp

Don’t Sell Pique- Puyol warns Xavi

Don't Sell Pique- Puyol warns Xavi

Leave a Reply Cancel reply

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

Recommended

Phyna Voices Frustration Over Dangote Group Delay in Sister’s Medical Evacuation

Phyna Voices Frustration Over Dangote Group Delay in Sister’s Medical Evacuation

2 months ago
Yet Another Building Collapses in Lagos, Killing One

Yet Another Building Collapses in Lagos, Killing One

3 years ago
Macron Forced to Reschedule State Visit to Germany Amidst French Riots

Macron Forced to Reschedule State Visit to Germany Amidst French Riots

2 years ago
Reps Summon NEMA Chief over 2023 Flood Warning

Reps Summon NEMA Chief over 2023 Flood Warning

2 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

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76

Miami Heat’s Terry Rozier Arrested in FBI Sports Betting Investigation

Chloe Bailey Breaks Silence on Romance With Burna Boy — Here’s What We Know

Wembanyama Drops 40 in Stunning Return as Spurs Crush Mavericks in Season Opener

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

Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League

Trending

Nnamdi Kanu Fires Legal Team in Open Court, Vows to Defend Himself
Government

Nnamdi Kanu Fires Legal Team in Open Court, Vows to Defend Himself

bySomto Nwanolue
October 23, 2025
0

In a surprising courtroom drama that upended his long-running terrorism trial, Nnamdi Kanu, the leader of the...

After Louvre Heist, Thieves Hit Another French Museum

After Louvre Heist, Thieves Hit Another French Museum

October 23, 2025
Movie Review: Why Same Place, Same Time Is Undermined by Weak Plot and Technical Flaws — 4/10

Movie Review: Why Same Place, Same Time Is Undermined by Weak Plot and Technical Flaws — 4/10

October 23, 2025
Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76

Ghana in Mourning as Former First Lady Nana Konadu Agyeman-Rawlings Dies at 76

October 23, 2025
Miami Heat’s Terry Rozier Arrested in FBI Sports Betting Investigation

Miami Heat’s Terry Rozier Arrested in FBI Sports Betting Investigation

October 23, 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

  • Nnamdi Kanu Fires Legal Team in Open Court, Vows to Defend Himself
  • After Louvre Heist, Thieves Hit Another French Museum
  • Movie Review: Why Same Place, Same Time Is Undermined by Weak Plot and Technical Flaws — 4/10

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