ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, October 7, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Top Stories

Presidency Projects Stronger Naira Actualization By Q1 2025

Ajuri Ngelale made the projection in a brief to State House Correspondents in Abuja on Thursday.

by NewsOnline Nigeria
April 11, 2024
in Top Stories
0
Lagos Black Market Dollar To Naira Exchange Rate

 Presidency has projected stronger Naira actualization by Q1 2025.

 

NewsOnline Nigeria reports that the Special Adviser to the President on Media and Publicity, Ajuri Ngelale has stated that with the successes recorded by President Bola Tinubu administration’s intervention in the foreign exchange market and resumption of full operations by the refineries, a stronger Naira should be achieved by the first quarter of 2025.

 

This Nigeria news platform understands that Ajuri Ngelale made the projection in a brief to State House Correspondents in Abuja on Thursday.

 

ALSO: President Tinubu Billed To Declare 2024 National Judicial Summit Open

 

According to him, the policy revitalisation in the foreign exchange market is aimed at strengthening the Naira in currency markets.

 

Ngelale, however, noted that the recent successes in the foreign exchange market are not enough for the nation to rest the policies and other efforts to strengthen the Naira.

He further noted with the various refineries, public and privately owned, resuming full operations and capacity between now and the first quarter of 2025, the position of the Naira should become stronger and reflect on the prices of market commodities.

 

“The President has been very consistent in his view that the labour pains felt by our people and the incredible sacrifices made by our people over the past 10 months would be rewarded across the board.

 

“The President’s multi-faceted approach to ridding the nation’s foreign exchange market of malign actors and sharp practices have provided a platform for the sustainable strengthening of our national currency against all global currencies and this is what we are seeing.

 

“But there is still much work to be done and this is not a time for celebration. It is a time for doubling down and working harder to ensure that inflation is sustainably brought down in short order and that consumer-protecting regulatory agencies step up enforcement to ensure that our people are not short-changed by enterprises that fail to reflect the prevailing exchange rates on the pricing of goods and services across the board.

 

“As our private and publicly-owned refineries resume operations between now and the first quarter of 2025, the nation’s cash position will dramatically improve to the extent that Nigerians can rightly expect a stronger Naira and a fair reflection of its strength in the prices of commodities in the market place.

 

“Once you join the rising spending power of Africa’s population with the historic availability of trillions of naira for consumer credit that will bolster the real sector, you will see why Nigerians will be most pleased that they elected a financial engineer and businessman as president by the end of his first term in office, even as the signs are increasingly more evident today,” he said.

ADVERTISEMENT
Previous Post

Jnr Pope: Faces of Missing Crew Members Who Are Still Underwater Emerges

Next Post

BREAKING: Governor Ahmad Aliyu Declares Friday Work-Free For Eid-El-Fitr

Next Post
Friday Work-Free For Eid-El-Fitr

BREAKING: Governor Ahmad Aliyu Declares Friday Work-Free For Eid-El-Fitr

Trending Stories

No Content Available

Latest Stories

President Trump

President Trump to Host Historic UFC Event at the White House on His 80th Birthday

Wike

Wike Confirms Implementing Tinubu’s Vision to Make Abuja Compete with Global Cities

Arewa Consultative Forum southwest chapter's executive committee members

ACF Southwest Chapter Re-Elects Executives for Second Term After Vote of Confidence in Ogbomoso

Cooking Gas Price

BREAKING: Cooking Gas Price Soars To All Time Record High Amid Scarcity

May Edochie Reveals She Met Yul at a GCE Centre

Daddy Freeze Reveals He Married His Ex-Wife Because She Got Pregnant

2025 U-20 World Cup: Sani Says Determination Helped Flying Eagles Secure Draw Against Colombia

Seyi Shay: Wizkid Showed Me How to Navigate the Music Industry

BBNaija: How Imisi Emerged Winner of 10/10 Season Through Viewers’ Votes

BBNaija 10: Delta Governor’s Aide Threatens Legal Action Over Dede’s Defeat to Imisi

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria