Forex crisis: NNPC remitted $2.7bn to its CBN accounts in 6 months

Emefiele tackles Ganduje on currency swap stalling presidential visit comment

Godwin Emefiele, Central Bank of Nigeria (CBN) governor

Contrary to claims by the Central Bank of Nigeria (CBN) that the weakening of the value of the naira was caused by the non-remittance of funds into foreign reverse by the Nigerian National Petroleum Company Ltd, fresh facts have shown that the NNPC remitted a total of N2.7 billion into its accounts

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```