CBN plans new measures to stabilise naira, says foreign exchange speculators may incur losses

The Central Bank of Nigeria (CBN) says new measures will be taken to stabilise the naira against the dollar.

Folasodun Sonubi, acting governor of the CBN, spoke with journalists after a meeting with President Bola Tinubu in Abuja on Monday.

Sonubi said Tinubu was worried about the consistent fall of the naira against the dollar, hence efforts would be made to curb the situation.