Breaking: $3 billion Monthly Under Jonathan, NNPC Now Remits Zero Dollar To CBN – Emefiele
$3 billion Monthly Under Jonathan, NNPC Now Remits Zero Dollar To CBN – Emefiele
Godwin Emefiele, the Central Bank of Nigeria’s governor, stated over the weekend that the official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has depleted from over $3.0 billion monthly in 2014 to zero dollar today.
At the 57th annual bankers’ lecture sponsored by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos on Saturday, Mr Emefiele said there was a significant loss in foreign reserves due to the naira’s struggle and the rise in demand for forex.
He stated that a severe crisis in the Nigerian foreign exchange market is putting pressure on the country’s reserves and suppressing the value of the naira.
“The official foreign exchange receipt from crude oil sales into our official reserves has dried up steadily from above $3.0 billion monthly in 2014 to an absolute zero dollar today,” he said.
🎵 Want Latest Songs? Click HERE
CLICK TO DROP YOUR COMMENT
-
Maxzealno talks about how Sir Emeka Akpunku picked him up in his recent interview at Dream 92.5 FM Enugu.
-
ZUBBY MAXIMUS RECEIVED A NICE MOTIVATION FROM HIS MANAGER
-
ZUBBY MAXIMUS STILL THANKFUL TO GOD
-
Davido: 2 years later and still sippin my Martell
-
JOHESU Suspends 21days Strike After One-on-one discussion with Tinubu
-
Wike, Umahi, Akpabio Visit President Tinubu
-
Obi, LP Tenders Exhibits From Eight States Before Tribunal To Recover Stolen Mandate
-
APC Suspends SGF Boss Mustapha Indefinitely
-
Thuggery: God Forbid Tinubu Becomes President – Oby Ezekwesili
-
I owe no one apology for ethnic slur against Igbos; they are threats to Yorubas – Tinubu’s PCC, Onanuga
.RELATED POSTS
Do you want latest songs? CLICK HERE!