The warning comes just a week after the Central Bank released $265 million of foreign airlines’ trapped funds.
“Then the domestic currency will be more stable, and the foreign exchange demand triggering inflation will begin to dip,” said one of the experts.
“From well over N710 to the dollar, following the commission’s intervention, the naira has appreciated significantly against the dollar,” said Mr Bawa.
Emirates Airlines has announced that it will temporarily cease flying into Nigeria from September 1.
The House endorsed a motion to stagger the Assembly’s sittings in order to forestall possible bandits attack.
The anti-graft agency claimed it had intelligence that some Nigerians were stockpiling foreign currency.
“If you are running a company and your sales revenue cannot pay interest, you know you’re bankrupt,” said Mr Sanusi.
Godwin Emefiele and other wheeler-dealers could squeeze more for Nigerians by advertising the bank rather than a secret sale that would benefit only those conducting the backroom talks.
The Naira within the week depreciated to an all-time low of N730 to a U.S dollar at the parallel market.
The naira had earlier traded for N620 against the dollar on Monday, then N630 on Wednesday, and N645 on Thursday, before doing N658 today.
