Business

Current exchange rate not backed by fundamentals of the Nigerian economy – Wale Edun 

The special adviser on monetary policy to President Bola Tinubu and Ministerial nominee has said the current exchange rate of the naira to the dollar is not backed by fundamentals of the Nigerian economy but by speculation.  


Chief Edun made this known while appearing before the Senate for confirmation and fielding questions from senators.  


Exchange rate not backed by fundamentals