Mrs. Ahmed said in the document that Oil firms under Government instruction will be directed to sell dollars directly to the CBN , which used to be done by the NNPC and she added that Petroleum prices will see a deregulation.
The documents reveals that the exchange rate unification will run for a 12 months period.
Nigeria has been running a multiple exchange rate system with major price differentials between the official and parallel rates.
With the reduced demand for oil and falling oil revenues leading to dollar shortages. The government bis seeking to standardise the economic in a period of rising foreign debt.
You may be interested
Grammys: Wike bestows rivers second highest award on Burna BoyWebby - March 28, 2021
[embedded content]Rivers State Governor, Nyesom Wike has honoured Port Harcourt-born music star, Burna Boy after recently winning a Grammy award…
Ganduje deceived Buhari with hazy road photograph for N20bn – KwankwasoWebby - March 28, 2021
Former Governor Rabi’u Musa Kwankwaso of Kano State, leader of the Kwakwansiyya Movement, in an interview on BBC Hausa, accused Governor Abdullahi…
Tinubu under fire for ignoring tragedies in Yoruba land, donating N50m to Katsina Market fire tradersWebby - March 28, 2021
The national leader of the ruling All Progressives Congress (APC), Asiwaju Bola Tinubu, has since last week visited traders of the…