CBN Says NNPC Is Responsible For Naira Fall Against Dollar

The Central Bank of Nigeria (CBN), has blamed the Nigerian National Petroleum Company Limited (NNPC) for the depreciation of the Naira against the United States Dollar (USD). In a statement cited by BizWatch Nigeria on Friday, July 29, 2022, CBN explained that NNPC and its subsidiaries have failed to remit the USD to Nigeria’s foreign … Continue reading CBN Says NNPC Is Responsible For Naira Fall Against Dollar