With the volatility of the Nigerian naira due to low oil sales, the CBN Governor has issued a statement to black market users to expect loss of money.
In his statement, he warned them to stop using black markets for foreign currency exchange, following the liquidity crisis triggered by low oil prices and shortage of dollars.
He also promised stability and uniformity on the naira forex, encouraging business owners to be patient with the CBN adjustments.
In his statement, he warned them to stop using black markets for foreign currency exchange, following the liquidity crisis triggered by low oil prices and shortage of dollars.
He also promised stability and uniformity on the naira forex, encouraging business owners to be patient with the CBN adjustments.