Browsing: CBN

The organization also urged him “to instruct Mr Pantami and Mr Abubakar to take concrete measures to promptly ensure that the NIMC is able to faithfully and effectively discharge its statutory functions to harmonize and integrate existing identification databases in government agencies into the National Identity Database, and to use the information to update SIM card registration.”

The naira has taken a hit in the last three months largely on account of dwindling crude oil revenue, the global CCOVID-19 pandemic and the illicit activities of some Nigerians and their foreign collaborators. These are the people who oil and eulogise the parallel market, making it look attractive even with the booby-trap it presents to the economy.