The Central Bank of Nigeria (CBN) attributed the ongoing depreciation of the Naira against the US Dollar to the prevalence of unofficial diaspora remittances. This was stated by the acting governor of the central bank, Folashodun Shonubi, during his delivery of a Distinguished Personality lecture titled “Diaspora Remittances and Nigeria’s Economic Development” at the National Institute for Security Studies in Abuja. The lecture was aimed at members of the Executive Intelligence Management Course (EIMC) 16. READ ALSO: Why ECOWAS Activated Military Action Against Niger Junta – Tinubu Why Nigerians Will…
Read MoreReal Reason Naira Continues To Fall – CBN
