‘Authoritative’: Jubilation as Buhari's Ex aide Says Dollar Being Exchanged At Rate Below N1000

‘Authoritative’: Jubilation as Buhari's Ex aide Says Dollar Being Exchanged At Rate Below N1000

  • Bashir Ahmad has said he can authoritatively confirm that the dollar is now being exchanged at a rate below one thousand naira at some BDCs
  • Ahmad, who served under the government of former president, Muhammadu Buhari, expressed his firm hope that the "naira will continue gaining"
  • Legit.ng reports that the naira has continued to appreciate in the parallel market since the start of April

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering economic matters.

FCT, Abuja - Bashir Ahmad, former personal assistant to ex-President Muhammadu Buhari on new media, has said the US dollar is now being exchanged at a rate below one thousand naira at some bureaux de change (BDCs).

In a post on his verified X (formerly Twitter) page on Sunday night, April 14, Ahmad praised the measures being taken by the Central Bank of Nigeria (CBN).

Read also

Dollar exchange rate: Omokri attacks Nigerian prophet as naira rises in value, video trends

Bashir Ahmad reacts as naira appreciates
APC supporter, Bashir Ahmad says naira will appreciate further. Photo credits: Maskot, Effi
Source: Getty Images

The former presidential aide stated that the CBN's actions "are definitely working", adding that "naira will continue gaining."

Ahmad tweeted:

"I can authoritatively confirm that the US dollar is now being exchanged at a rate below N1000 at some BDCs. The measures being taken by the CBN to strengthen our Naira are definitely working. Naira will continue gaining!"

Naira to dollar exchange rate: Nigerians react

Following Ahmad's post, some delighted Nigerians on X shared their reactions.

@OlabisiLaw wrote:

"I actually did it for 1,070 yesterday (Saturday, April 13). Hopefully, this is sustained. It's a welcome development."

Raji AbdulJelil said:

"I am so happy with Cardoso (Olayemi, CBN governor), he is doing a great work."

Ebele Obi commented:

"It will still go down to 650 Naira. That is current assessment of dollar presently."

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What to read about the naira and dollar:

Naira dollar rate: Reno Omokri chides Prophet Ritabbi

Earlier, Legit.ng reported that Reno Omokri, the former special assistant on social media to ex-President Goodluck Jonathan, lambasted the founder of Christ as of Old Ministry, Prophet Ezenwa George Ritabbi, popularly called Prophet Ritabbi.

In January 2024, Ritabbi prophesied that the naira 'would be useless'.

Posting the preacher's past video on his verified X (formerly Twitter) account on Sunday, April 14, Omokri chided the cleric.

Source: Legit.ng

Authors:
Ridwan Adeola avatar

Ridwan Adeola (Current Affairs Editor) Ridwan Adeola Yusuf is a content creator with more than nine years of experience, He is also a Current Affairs Editor at Legit.ng. He holds a Higher National Diploma in Mass Communication from the Polytechnic Ibadan, Oyo State (2014). Ridwan previously worked at Africa Check, contributing to fact-checking research works within the organisation. He is an active member of the Academic Excellence Initiative (AEI). In March 2024, Ridwan completed the full Google News Initiative Lab workshop and his effort was recognised with a Certificate of Completion. Email: ridwan.adeola@corp.legit.ng.