The Central Bank of Nigeria has blamed the Nigeria National Petroleum Corporation Limited (NNPC) for the poor performance of the Nigerian currency. According to the CBN, the non-remittance of dollars to foreign reserves by NNPC is responsible for the naira’s free fall in the official and parallel markets. The CBN stated this in a report published on Thursday, the Nation reports. READ ALSO: Why We Raised Nigeria’s Interest Rate To 14% – CBN Nigerians Defy CBN Ban, Trade N78bn Bitcoin in 3 Months CBN Gov Emefiele Backs out of Presidential…
Read MoreReal Reason Naira Keeps Crashing Heavily Against US Dollars – CBN
