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Market News
Tinubu Pledges to Ease Forex Liquidity Crunch: Nigeria Summit - BLOOMBERG
By Ruth Olurounbi and Nduka Orjinmo
Nigerian President Bola Tinubu said the liquidity squeeze that has resulted in the naira weakening to record lows against the dollar will ease.
“My government is not blind to the challenges several of you are facing in the financial markets,” Tinubu said on Monday at the Nigerian Economic Summit in the capital, Abuja. “I can only allay this concern by revealing that we have a good line of sight for the additional foreign-exchange liquidity that is required to restore market confidence and we are going to do that soon.”
