{"id":113774,"date":"2024-03-21T11:25:17","date_gmt":"2024-03-21T10:25:17","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators"},"modified":"2024-03-21T13:55:47","modified_gmt":"2024-03-21T12:55:47","slug":"dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators","title":{"rendered":"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Presidency has warned forex speculators that the Naira will soon appreciate.<\/p>\n

President Bola Tinubu\u2019s Special Adviser on Information and Strategy, Bayo Onanuga, urged speculators to quickly dump their dollars to avoid \u201ctears\u201d.<\/p>\n

Onanuga was reacting to the Central Bank of Nigeria, CBN, disclosure that it had cleared the $7 billion foreign exchange backlog inherited by Governor Yemi Cardoso.<\/p>\n

In a statement on Wednesday, CBN\u2019s Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, confirmed the settlement of all valid FX backlog claims.<\/p>\n

Ali said the apex bank employed Deloitte Consulting, an independent auditing firm, to meticulously assess the transactions, ensuring that only legitimate claims were honoured.<\/p>\n

\u201cAny invalid transactions were referred to the relevant authorities for further investigation,\u201d she stated.<\/p>\n

The CBN\u2019s commitment to tackling the FX backlog appears to be paying off, with the external reserves seeing a significant rise, reaching $34.11 billion as of March 7, 2024, the highest level in eight months<\/p>\n

Reacting, Onanuga posted on X, \u201cWith backlog FX settled, Naira is set to appreciate further, faster. Currency speculators should quickly dump their stock of dollars to avoid sorrows and tears.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu\u2019s Special Adviser on Information and Strategy, Bayo Onanuga, urged speculators to quickly dump their dollars to avoid \u201ctears\u201d. Onanuga was reacting to the Central Bank of Nigeria, CBN, disclosure that it had cleared the $7 billion foreign […]<\/p>\n","protected":false},"author":84,"featured_media":113773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,7430,2587,1623,254],"class_list":["post-113774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-bayo-onanuga","tag-dollars","tag-naira","tag-nigeria"],"yoast_head":"\nDump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators - Nigeria<\/title>\n<meta name=\"description\" content=\"The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu\u2019s Special Advise ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators\" \/>\n<meta property=\"og:description\" content=\"The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu\u2019s Special Advise ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-21T10:25:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-21T12:55:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators\",\"datePublished\":\"2024-03-21T10:25:17+00:00\",\"dateModified\":\"2024-03-21T12:55:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators\"},\"wordCount\":210,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Bayo Onanuga\",\"Dollars\",\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators\",\"name\":\"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg\",\"datePublished\":\"2024-03-21T10:25:17+00:00\",\"dateModified\":\"2024-03-21T12:55:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu\u2019s Special Advise ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg\",\"width\":1440,\"height\":900,\"caption\":\"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators - Nigeria","description":"The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu\u2019s Special Advise ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators","og_locale":"en_US","og_type":"article","og_title":"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators","og_description":"The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu\u2019s Special Advise ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators","og_site_name":"Nigeria","article_published_time":"2024-03-21T10:25:17+00:00","article_modified_time":"2024-03-21T12:55:47+00:00","og_image":[{"width":1440,"height":900,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators","datePublished":"2024-03-21T10:25:17+00:00","dateModified":"2024-03-21T12:55:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators"},"wordCount":210,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg","keywords":["Africa Press","Africa Press-Nigeria","Bayo Onanuga","Dollars","naira","Nigeria"],"articleSection":["all news","Policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators","url":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators","name":"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg","datePublished":"2024-03-21T10:25:17+00:00","dateModified":"2024-03-21T12:55:47+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Presidency has warned forex speculators that the Naira will soon appreciate. President Bola Tinubu\u2019s Special Advise ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711009161.167412.jpg","width":1440,"height":900,"caption":"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/policy\/dump-your-dollars-to-avoid-tears-naira-will-appreciate-presidency-warns-fx-speculators#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Dump your dollars to avoid tears, Naira will appreciate \u2013 Presidency warns FX speculators"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/113774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=113774"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/113774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/113773"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=113774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=113774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=113774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}