Sunday, 22 November 2015

Nigeria losing N256bn monthly to oil price crash - CBN Governor

Nigeria is losing N256bn ($1.3bn) in foreign exchange
inflows every month as a result of the global fall in the
prices of crude oil, the country’s major revenue earner.
The Governor, Central Bank of Nigeria, Mr. Godwin
Emefiele, who disclosed this on Friday night, said the
development had also made the federal allocation to
state governments drop by N2bn monthly.

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