Naira Gets International Leverage

Date:

The Presidency has tackled the African Democratic Congress, ADC, coalition leaders, Atiku Abubakar, El-Rufai, and Peter Obi over reports that Chinese traders now collect naira cards during transactions.

President Bola Tinubu’s spokesman, Bayo Onanuga, noted that the development indicates that the US dollar is no longer the ultimate king.

But, according to him, Atiku and Obi won’t celebrate the feat.

Posting on X, Onanuga wrote: “This is a salutary development for the Nigerian economy. The Tinubu reforms are making foreigners have faith in the Naira.

“The Almighty US dollar is not the ultimate king here. The Naira is waxing stronger as an international means of exchange. I also buy some items on Chinese platforms.

“I can confirm that they accept Naira cards. El-Rufai, veteran runner Atiku Abubakar, and Peter Obi will never celebrate this development.

 

Author

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

The Perennial Contender — Ayo Arise and the Anatomy of Political Desperation in Ekiti North

  By Gbenga Ajayi, Lagos   The political history of Ekiti North...

US Wildfires Leave Neighbourhoods in Ruins

Firefighters worked to contain huge blazes in the northwestern...

Atiku Berates FG Over Economy Recovery Claims 

Former Vice President and African Democratic Congress presidential candidate,...

Navy Launches 80,000-Litre Solar-Powered Borehole 

Nigerian Navy yesterday inaugurated 80,000-litre solar-powered borehole at Kerau...