Tag: Forex Scarcity
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Forex scarcity: Emefiele appears before Reps, calls for support
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Saturday appeared before the House of Representatives to explain what the apex bank was doing over the continuous scarcity of forex and free fall of the Naira against the dollar. Emefiele also explained why oil marketers and dealers in petroleum products have been…
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Forex scarcity: CBN unfazed, says ban on 41 items irreversible
The Central Bank of Nigeria,CBN has rejected calls by the Organised Private Sector, OPS and other stakeholders to reverse its foreign exchange ban on 41 goods which the apex bank insisted the country can produce. The CBN noted that rather than life the ban, it would perfect plans to support the various sectors which can…