US Dollar No Longer King Over Naira, But Atiku, El-Rufai, Obi Won’t Celebrate – Presidency
The Presidency has reacted to reports that some Chinese traders now accept naira cards for transactions, describing it as proof that the Nigerian currency is gaining international confidence.
Presidential spokesman Bayo Onanuga said on Tuesday that the development shows the US dollar is “no longer the ultimate king,” crediting President Bola Tinubu’s reforms for strengthening the naira.
Posting on X, Onanuga wrote:
“This is a salutary development for the Nigerian economy. The Tinubu reforms are making foreigners have faith in the Naira. The Almighty US dollar is not the ultimate king here. The Naira is waxing stronger as an international means of exchange. I also buy some items on Chinese platforms. I can confirm that they accept Naira cards.”
However, Onanuga argued that opposition leaders such as Atiku Abubakar, Nasir El-Rufai, and Peter Obi would not acknowledge or celebrate the development.
“They are waiting for disasters to vent their political frustration on President Tinubu,” he added.
Source: Daily Post Nigeria
#Naira #Dollar #Tinubu
The Presidency has reacted to reports that some Chinese traders now accept naira cards for transactions, describing it as proof that the Nigerian currency is gaining international confidence.
Presidential spokesman Bayo Onanuga said on Tuesday that the development shows the US dollar is “no longer the ultimate king,” crediting President Bola Tinubu’s reforms for strengthening the naira.
Posting on X, Onanuga wrote:
“This is a salutary development for the Nigerian economy. The Tinubu reforms are making foreigners have faith in the Naira. The Almighty US dollar is not the ultimate king here. The Naira is waxing stronger as an international means of exchange. I also buy some items on Chinese platforms. I can confirm that they accept Naira cards.”
However, Onanuga argued that opposition leaders such as Atiku Abubakar, Nasir El-Rufai, and Peter Obi would not acknowledge or celebrate the development.
“They are waiting for disasters to vent their political frustration on President Tinubu,” he added.
Source: Daily Post Nigeria
#Naira #Dollar #Tinubu
US Dollar No Longer King Over Naira, But Atiku, El-Rufai, Obi Won’t Celebrate – Presidency
The Presidency has reacted to reports that some Chinese traders now accept naira cards for transactions, describing it as proof that the Nigerian currency is gaining international confidence.
Presidential spokesman Bayo Onanuga said on Tuesday that the development shows the US dollar is “no longer the ultimate king,” crediting President Bola Tinubu’s reforms for strengthening the naira.
Posting on X, Onanuga wrote:
“This is a salutary development for the Nigerian economy. The Tinubu reforms are making foreigners have faith in the Naira. The Almighty US dollar is not the ultimate king here. The Naira is waxing stronger as an international means of exchange. I also buy some items on Chinese platforms. I can confirm that they accept Naira cards.”
However, Onanuga argued that opposition leaders such as Atiku Abubakar, Nasir El-Rufai, and Peter Obi would not acknowledge or celebrate the development.
“They are waiting for disasters to vent their political frustration on President Tinubu,” he added.
Source: Daily Post Nigeria
#Naira #Dollar #Tinubu
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