Sen. Shehu Sani, a former senator from Kaduna Central, reacted on his X Twitter after Naira expressed gratitude.
The Central Bank of Nigeria (CBN) declared on Wednesday that all legitimate Foreign Exchange (FX) arrears owed to different economic sectors had been paid.
The CBN governor, Mr. Olayemi Cardoso, made a significant commitment to handle an inherited backlog of $7 billion in outstanding liabilities, which was met by the FX settlement.
That was as the naira, on Wednesday, continued to appreciate both at the official and parallel markets, posting significant one-day gains. The local currency appreciated to N1, 490/$1 at the parallel market, compared to N1, 590 recorded on Tuesday, indicating a N100 gain in one day.
This has surged positive reactions among Nigerians as Senator Shehu Sani was not left out, Shehu Sani expressed through his X (formerly twitter) handle that this involves a significant achievement and hopes the naira continues to regain its value.
