Business

Forex reforms: FG says naira already stabilizing, will go after saboteurs undermining the currency

The Federal Government has insisted that the ongoing reforms in the foreign exchange market is beginning to yield results, with the naira stabilizing and the forex market experiencing surge of inflows.


The government stated that it has directed relevant regulatory and enforcement agencies to deal with speculators and other unscrupulous players within and outside the country who are engaged in malpractices capable of undermining the naira.


This disclosure is contained in a press statement issued by the Minister of Information and National Orientation, Mohammed Idris, on Friday, February 23, 2024.