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(Bloomberg) Nigerian tycoon Tony Elumelu said new leadership at the nation’s central bank will help restore confidence the nation’s currency. Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseAI Fantasy Fades as Wall Street Reels From Real-World Rate JumpRaw Meat-Eating Liver King And Other Health Influencers Face Mounting LawsuitsTreasuries Halt Fed-Fueled Rout as Stocks Struggle: Markets WrapWhy Can’t Americans Buy Cheap Chinese EVs?Olayemi Michael Cardoso
(Bloomberg) Nigerians’ stampede for dollars showed no sign of abating on Friday, with a leadership vacuum at the central bank seen hampering any effort to lift the naira from record lows. Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanOpen House: Seized HK Mansion
Nigerian Tycoon Elumelu Says New Central Bank Leadership to Boost Naira bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Nigerians’ stampede for dollars showed no sign of abating on Friday, with the naira falling to another record low even as the central bank announced newly nominated Governor Olayemi Cardoso will take over in an acting capacity. The currency was being quoted at 992 per dollar by street traders, according to the Forward Marketing Bureau |