Naira recorded an appreciable rise against the dollar in the parallel market, standing at 730/$ from 900/$ a week ago.

“We also learnt the security agents did a good job of arresting some of the unscrupulous ones amongst us for the undertaking of illegal transactions in this respect. We must invite them to stay the course as no option should be off the table for us to return sustained sanity to the foreign exchange market to commence the process of underwriting macroeconomic stability. Yes we agree that currency change is not the silver bullet that will solve all the problems of the Nigerian economy. But it should provide an impactful complementary antidote for the cure of this cankerworm to our body polity. The challenge going forward now is how to avoid wild fluctuations in rates which would be destabilising to say the obvious”, he stated.

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