NIGERIA'S LIKELY NEXT FINMIN SAYS NAIRA SHOULD BE STRONGER THAN OFFICIAL RATE

The Nigerian naira should be stronger than the official rate, the likely next finance minister, Olawale Edun, said on Tuesday, adding that a weaker currency was not supported by fundamentals. President Bola Tinubu last week nominated Edun, who is advising him on monetary policy, to become a minister, along with 27 others. He has long been tipped to become finance minister. Portfolios will be assigned after a Senate confirmation of nominees.

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