Business Naira Appreciates 1.2% to 310 Per Dollar

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Nigerian naira on Monday advanced 1.2% gain to 310.50 to a United States dollar at the inter bank market at 10:45am in Lagos, the center hub of the country.

Naira 3-month non deliverable forwards remain unchanged at 351 to a US Dollar

nairadollar.jpe

Meanwhile, deeply worried by the poor state of the economy, a federal lawmaker, Senator Dino Melaye (APC Kogi West) has called on President Muhammadu Buhari to take urgent and drastic measures, including the immediate sack of three prominent members of his Economic Team as the solution-precedent to reboot the ailing economy.

In a Statement in Abuja Sunday, Melaye said the President must shake up his Cabinet, and accused most of the members of gross incompetence, inexcusable ineptitude and a distressing lack of capacity to deliver on the mandate of their ministries/Agencies.
 
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