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Foreign Currency Inflows Dropped To $1.83bn In 2020

Foreign Currency Inflows Dropped To $1.83bn In 2020   The Central Bank of Nigeria (CBN) has disclosed that it recorded a significant reduction in the volume and cost of foreign exchange procurement in 2020, the year of COVID, when the entire world was on lockdown and...

Govt Revenue Reduced By N77bn As ECA Shrinks To $1.83bn

Govt Revenue Reduced By N77bn As ECA Shrinks To $1.83bn       After two days of disagreement between the 36 states’ commissioners for finance and the Nigerian National Petroleum Corporation over alleged revenue underpayment, the Federation Account Allocation Committee finally distributed the sum of N626.82bn to the...