Browsing: CBN

The CBN received a total foreign currency inflow of $40 billion during the year compared to $62 billion a year earlier. The Central Bank of Nigeria has recorded a deficit or a net foreign currency outflow of $3 billion in 2020 (2019: $4 billion).

The Senate had last week given Ministry of Finance, Office of Accountant General of the Federation and Office of National Security Adviser till next week Tuesday to give explanation on alleged “secret withdrawal of N7.5 billion from the two per cent National Automotive Council Design and Development Council (NADDC) Levy Account domiciled with Central Bank of Nigeria (CBN).