[New post] $3 billion Monthly Under Jonathan, NNPC Now Remits Zero Dollar To CBN, Says Emefiele

Emmanuel Atseyinku posted: " 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 dollars today. " 9News Nigeria $3 billion Monthly Under Jonathan, NNPC Now Remits Zero Dollar To CBN, Says Emefiele Emmanuel Atseyinku Nov 29 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 dollars 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. Comment Unsubscribe to no longer receive posts from 9News Nigeria. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://9newsng.com/3-billion-monthly-under-jonathan-nnpc-now-remits-zero-dollar-to-cbn-says-emefiele/ Powered by Jetpack