CBN Gives Clarification on NNPCs Right to Buy Dollar From FX Market [Video]

• Yemi Cardoso, governor of the CBN, has declared that the NNPC Limited is permitted to buy dollars in the foreign currency market
• According to the CBN governor, it is fully up to the organisation to decide whether to purchase dollars on the open market or elsewhere
• He noted that the government has asked businesses and manufacturers to submit their bills in naira instead of dollars

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), has said the NNPC Limited is free to purchase dollars from the foreign exchange market without any restrictions, just like any other customer.

The CBN chief spoke to global investors about Nigeria’s deregulation recently, during the ongoing World Bank/International Monetary Fund (IMF) annual meeting in Washington, DC,

He said this while responding to inquiries about the authority …