Nigerian Naira will appreciate to N1,000 per dollar in coming weeks – Tinubu
Business Nigerian Naira will appreciate to N1,000 per dollar in coming weeks – Tinubu Published on February 24, 2026 By Ogaga Ariemu googletag.cmd.push(function() { googletag.display('div-gpt-ad-1500386953281-8'); }); President Bola Ahmed Tinubu has said the naira will appreciate to N1000 per dollar in the coming weeks. The president disclosed this in his remarks at the Renewed Hope Ambassadors Summit in Abuja on Tuesday. He confirmed that the Central Bank of Nigeria had to intervene on Monday by mopping up excess dollars to stabilize the Naira. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1524595905268-5'); }); According to him, monetary policy measures by his administration are yielding results. “In fact, if not for the interventions by the Central Bank of Nigeria yesterday(Monday), the N1,000 to a dollar, we are going to attain it in weeks, not in months.” DAILY POST reports that the naira depreciated to 1,355.3745 and N1370 per dollar on Tuesday across the official and black markets. The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Tuesday, during a briefing after its 304th Monetary Policy Committee, said the country’s gross external reserves increased to a 13-year high of $50.45 billion on February 16, 2026. Don't Miss Thirteen Nigerian banks yet to meet recapitalisation requirement — CBN You may like NNPC: CBN backs Tinubu’s executive order on direct oil revenue remittance Tunji Disu appointed new IGP as Tinubu sacks Egbetokun Disclose El-Rufai’s whereabouts, health condition – Atiku to Tinubu govt Oil revenue: Nothing wrong with Tinubu’s order – Chairman State Finance Commissioners US recommendation: ‘Tinubu can’t abolish Sharia’ – Abati GenCos dismiss claims Tinubu reduced power sector legacy debt to N2.8tn