The Presidency has cautioned currency speculators against engaging in unpatriotic activities that may harm the national currency.
It further stated that with the backlog of foreign exchange transactions resolved, the Naira is poised for additional and accelerated appreciation.
It is advisable for currency speculators to promptly offload their reserves of US dollars to prevent potential losses and uncertainty.
“With backlog FX settled, Naira is set to appreciate further, faster. Currency speculators should quickly dump their stock of dollars to avoid sorrows and tears.” Onanuga said
