Bayo Onanuga, the spokesperson for the Presidency, has urged Peter Obi, the Labour Party’s presidential candidate in the last election, to share the positive news about the Naira’s recent stability.

According to a report by Bloomberg, the Naira, Nigeria’s currency, has been holding steady against the US dollar and other foreign currencies. This unusual period of stability has given analysts hope that the trend might continue.

Despite the Naira losing about 70% of its value since foreign exchange controls were relaxed in 2023, this recent stability is being celebrated as good news for the Nigerian economy.

Onanuga emphasized the importance of sharing such updates, saying, “The Naira is holding its ground against the dollar and other currencies. This is good news. I invite Mr. Peter Obi to retweet this exciting story.”

This development has sparked conversations about the possibility of further improvement in Nigeria’s currency value and its impact on the economy.