The Implications of AI in Digital Marketing
The Implications of AI in Digital Marketing
12 Steps to Create Videos

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

Categories
Marketing Technology
  • 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.

CBN speaks on NNPC’s right to buy dollar. Photo Credit: NNPC, CBNSource: Getty Images

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 …

How to Reach your Market in a World Ruled by Generative AI
How to Reach your Market in a World Ruled by Generative AI
5 Steps to Creating Successful Ads