CBN cautions against currency speculations
The Central Bank of Nigeria (CBN) has urged Nigerians and the economic community not to succumb to the speculative activities of some players in the foreign exchange market.
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The Central Bank of Nigeria (CBN) has urged Nigerians and the economic community not to succumb to the speculative activities of some players in the foreign exchange market.
With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured that it would continue to make deliberate efforts in the foreign exchange sector to avert further downward slide in the value of the naira, which it said was fuelled by speculative tendencies. The…
The Central Bank of Nigeria (CBN), has advised Nigerians not to succumb to speculative activities of some players in the foreign exchange market.
The Central Bank of Nigeria (CBN) has reiterated its commitment to boosting wheat production locally by supporting farmers with inputs, technical know-how and off-taking arrangement with the Flour Millers Association of Nigeria (FMAN).
Agriculture remains the largest sector in Nigeria, contributing an average of 24 per cent to the nation’s GDP over seven years (2013 – 2019).