President Bola Ahmed Tinubu has stated the naira will appreciate to N1000 per dollar in the coming weeks.

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The president disclosed this in his remarks on the Renewed Hope Ambassadors Summit in Abuja on Tuesday.

He confirmed that the Central Financial institution of Nigeria had to intervene on Monday by mopping up extra {dollars} to stabilize the Naira.

In accordance to him, financial coverage measures by his administration are yielding outcomes.

“In truth, if not for the interventions by the Central Financial institution of Nigeria yesterday(Monday), the N1,000 to a dollar, we’re going to attain it in weeks, not in months.”

DAILY POST stories that the naira depreciated to 1,355.3745 and N1370 per dollar on Tuesday throughout the official and black markets.

The Governor of the Central Financial institution of Nigeria, Olayemi Cardoso, on Tuesday, throughout a briefing after its 304th Financial Coverage Committee, stated the nation’s gross exterior reserves elevated to a 13-12 months excessive of $50.45 billion on February 16, 2026.