Rising naira value: Presidency backs Cardoso, vows further clampdown on racketeers

The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at stabilising the naira aligns with President Bola Tinubu’s “multi-faceted approach to ridding the nation’s foreign exchange market of malign actors and sharp practices.” It also vowed to continue its campaign against racketeers, urging Nigerians to expect a