• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, October 18, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Uwak gives measures to stop Naira slide

Naira

The Matters Press by The Matters Press
October 1, 2023
Reading Time: 1 min read
0
Experts validate Nigeria’s implementation strategies for success under AfCFTA

Abuja, Oct. 1, 2023: A former member of the House of Representatives, Mr Robinson Uwak, has advised the Central Bank of Nigeria (CBN) to engage in necessary confidence building measures to restore the billions of dollars in the country’s foreign reserve.

RELATED POSTS

Standing With the Bello Family – Justice Must Never Be Cheapened

You led with distinction, CG of Customs, hails former boss, Mohammed at 80

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Uwak, who represented Oron, Mbo, Okobo, Ure-Offong/Oruko and Udung-Uko Federal Constituency of Akwa Ibom at the 7th Assembly, gave the advice on Saturday in a statement made available in Abuja.

The ex-lawmaker said engaging in import substitution and currency control would help firm up the value of the naira in the short to medium term while more expansive, long term economic plan should be devised.

“The dollarisation of domestic spending and huge wastes in governance must be curbed, and we must build a national consensus on the way forward for our future economic system,” he said.

Uwak called on the CBN and all relevant institutions to halt the current slide of the naira.

The Nigerian currency had, in recent days, been trading between N780 and N1,000 against the dollar in some quarters, which had fuelled inflation in consumer goods that are traded on foreign currencies as the country is basically an import-oriented economy underwritten by the mono product of oil.

The former legislator, therefore, said it was time to stop the currency slide.

Tags: Naira
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Standing With the Bello Family – Justice Must Never Be Cheapened
Energy

Standing With the Bello Family – Justice Must Never Be Cheapened

October 17, 2025
You led with distinction, CG of Customs, hails former boss,  Mohammed at 80
Economy/Technology

You led with distinction, CG of Customs, hails former boss, Mohammed at 80

October 10, 2025
Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
Next Post
Tinubu inaugurates 45 ministers, issues marching order

At Independence, Tinubu increases wage for low-grade workers, calls for calm

N125bn MSMEs intervention: IT critical to ensuring transparency – ITSSP

SMSE as bailout to Nigeria’s economic woes

Recommended Stories

PENCOM launches radio programme

`100 for 100 Policy’: Manufacturers seek more stakeholders’ engagement

February 3, 2022
Tinubu’s tax policy favours Nigerians, moves to cut taxes from 200 to 10

Tinubu’s tax policy favours Nigerians, moves to cut taxes from 200 to 10

May 27, 2024
Corruption caused Nigeria’s poor resource management

Osinbajo wants reorientation of regulatory agencies on business

February 2, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Standing With the Bello Family – Justice Must Never Be Cheapened
  • You led with distinction, CG of Customs, hails former boss, Mohammed at 80
  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us