CBN Finally Reacts As Fears Grips Investors In Nigeria (See Here)

★★★★★★★★★★★★★★★★★★★★★
CLICK TO DOWNLOAD JETHITMUSIK MOBILE APP
★★★★★★★★★★★★★★★★★★★★★

The Central Bank of Nigeria (CBN), has assured investors of the security of their investments amid the dwindling revenue from the sale of crude oil globally.

CBN Governor, Godwin Emefiele, gave the assurance on Sunday, in a statement by the Director of Corporate Communications Department, Isaac Okoroafor.

The apex bank said that investors interested in repatriating their funds from Nigeria were guaranteed to get their money despite the current situation.

MUST READ:  Bayern Munich Resume Training But Hugs And Challenges Are Banned

Noting that the apex bank had put in place policies to ensure an orderly exit, Emefiele urged investors to be patient as repatriations were being processed.

He said any delay was due to the Bank’s policy of orderly exit of investments, recalling a similar period in 2015 when oil revenue declined.

MUST READ:  GHEN GHEN!! Identities Of 3 Nigerians Arrested And Charged With $16.4m Tax Fraud In The US

Emefiele, however, announced collaboration with the Federal Ministry of Industry, Trade and Investment, on boosting the manufacturing sector of the economy.

He disclosed that CBN recently met with banks and manufacturers to seek ways to address the effects and ways out of the COVID-19 economic shocks.

Emefiele declared that Nigeria must diversify its economic base and produce more of what is consumed in the country.

MUST READ:  Man Awarded N2.5m For Raising Child His Wife Secretly Had With Concubine

The post CBN Finally Reacts As Fears Grips Investors In Nigeria (See Here) appeared first on Naijaloaded | Nigeria’s Most Visited Music & Entertainment Website.


Source: News update

jethitmusik

Next Post

Nigerians Still Send Me Message – Yakubu Ayegbeni Speaks On Famous World Cup Miss

Mon May 11 , 2020
Post Views: 243 27 ★★★★★★★★★★★★★★★★★★★★★ CLICK TO DOWNLOAD JETHITMUSIK MOBILE APP ★★★★★★★★★★★★★★★★★★★★★ Yakubu Ayegbeni says Nigerians are yet to forgive him for his miss against South Korea at the 2010 Fifa World Cup in South Africa. After defeats to Argentina and Greece, Lars Lagerback’s men needed a win to qualify […]
Copyright All right reserved Theme: Default Mag by ThemeInWP