NIGERIA IN BRIEF: Naira defies 30% Fx inflows slump as weak import demand ease pressure and other stories

Businessday | 13-05-2026 02:17am |

The recent appointment of retired Major General Adeyinka Famadewa as President Bola Tinubu's homeland security adviser has sparked discussions regarding the implications for the powers of the National Security Adviser (NSA). This development comes amid a challenging economic landscape, where the Naira has shown resilience despite a 30% decline in foreign exchange inflows, attributed to a decrease in import demand that has alleviated some pressure on the currency. The interplay of these factors highlights the complexities of Nigeria's current economic and security situation.

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