As Naira keeps rising, well-known journalist and anchor of Arise News Channel Oseni Rufai has reacted on his X Twitter.
Recall that on Thursday, the naira gained N18 to close at 1,382/$ at the official market, continuing its consistent upward trend against the US dollar.
This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers would have their fingers burnt.
The naira gain came a day after the local currency recorded major gains at both the official and parallel foreign exchange markets. It closed at the black market at N1,400/dollar on Wednesday.
The summary of the FX trading auction revealed that naira appreciated by 1.3 percent following increased dollar supply at the Nigerian Autonomous Foreign Exchange Market, according to data from the FMDQ Securities Exchange Limited.
While reacting to this, Oseni Rufai expresses that if Naira doesn’t return to the “fair value mark of 700-800 to the dollars” he doesn’t think they have started yet.
