VIDEO: Why Naira Did Not Appreciate To ₦1,000/$ — Shettima 

  Vice President Kashim Shettima says the naira would have appreciated to ₦1,000 in “weeks” if the Central Bank of Nigeria (CBN) had not intervened in the foreign exchange (FX) market on Monday to ensure market stability. Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672569656851-0"); }); Shettima said this on Tuesday at the Progressive Governors’ Forum (PGF), Renewed Hope Ambassadors Strategic Summit in Abuja. “In fact, if not for the interventions by the Central Bank of Nigeria yesterday, the 1,000 Naira to a dollar we are going to attain in weeks, not in months. But for the purpose of market stability, the CBN generously intervened yesterday. “So, for some of my friends, especially one of our party leaders who take delight in stockpiling dollars, it is a wake-up call,” the vice president said. “Our economy is picking up. Of the seven major investment decisions made last year in Africa, five were done in Nigeria. That goes to show the strength, viability, and the promise of the Nigerian economy. And as we advance into 2026, our focus shifts from stabilization to acceleration.” Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672569913499-0"); }); READ ALSO: Dangote Predicts Naira Will Hit ₦1,000 To $1 This Year, Backs FG’s Policies Watch his speech below: Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672587799169-0"); }); Join Our Whatsapp Channel To join: Simply click on the link below & turn on notifications to get the latest updates Subscribe to Our Newsletter In This Article: CBN Dollar Naira Shettima More Stories External Reserves Rise To $50.45bn, Highest In 13 Years — Cardoso CBN Reduces Interest Rate To 26.50% Naira Closes In The Red At ₦1,341.35/$ /* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * / var disqus_shortname = 'channelstelevision'; // Required - Replace example with your forum shortname / * * DON'T EDIT BELOW THIS LINE * * */ (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })(); Please enable JavaScript to view the comments powered by Disqus.

SOURCE: https://www.channelstv.com/2026/02/24/video-why-naira-did-not-appreciate-to-%e2%82%a61000-shettima/