NAIRA IMPROVEMENT: Teach Buhari your Magic, Ben Murray-Bruce tells Osibanjo
Senator Ben Murray Bruce, who’s the senator representing Bayelsa, has praised the Acting President of the federation, Yemi Osinbajo, as the price of dollar continues to fall against the Naira.
Just on Friday, the Naira was traded between the range of 400 and 460 against the US dollar at the parallel market.
Bruce admitted via a tweet posted on Saturday that whatever Osinbajo is doing is “magic” and urged him to teach “his boss”.
He wrote: “Whatever the acting President is doing to increase the value of the Naira is working. We appeal to him to teach his boss this magic he has!”
When the week began, the dollar was traded for more than 500 at the parallel market.
It’s been expected by traders that the Naira should sell lower than 400 to a dollar, if the boost in liquidity by the CBN is sustained.