Nigeria Spends 40% of FX on Importation of Petrol
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday lamented that the country spends almost 40 per cent of its scarce foreign exchange (FX) on the importation of petroleum products as well as petrochemicals, which continues to put pressure on the naira exchange rate. Speaking during a media briefing on the sidelines of the