Estimated Reading Time: 1
Governor of the Central Bank of Nigeria, Mr, Godwin Emefiele, has assured investors of the security of their investments notwithstanding dwindling revenue from the sale of crude.
Mr Emefiele, however says investors interested in repatriating their funds from the country are guaranteed their monies.
He said, “Foreign Exchange available would be devoted to strategic importation or service obligations that are priority”.
He also adds that the Apex bank has put in place policies to ensure an orderly exit for those interested in doing so.
The CBN Governor urged investors to be patient, while such repatriations are processed owing to the bank’s policy of orderly exit of investments.
“Investors interested in repatriating their funds from the country are guaranteed to get their money, notwithstanding the drop in the revenue from crude oil”.
Emefiele added that foreign exchange available would be devoted to strategic importion or priority service obligations as the bank collaborates with the trade authourities to boost manufacturing for economic revival.
To continue telling under-reported stories, we need your support for the work we do, donate to https://paystack.com/pay
Also, kindly donate to the work we do using this interim PAYPAL ID https://www.paypal.me/NewsWireNGR.
- Breaking: Coronavirus cases in Nigeria exceeds 10,000
- “Your appointments will ruin Nigeria”, – Col Umar warns Buhari in open letter
- “We have lost a great member” Redeemed Church Demands #JUSTICE4UWA
- Breaking: Churches to reopen next week in A/Ibom
- Return to negotiation or…, Ngige warns ASUU
- Amnesty International says Nigeria gov’ts response to rape continues to be woefully inadequate
- Raped & left for dead: Edo Governor wants justice for 22-yr-old student of University of Benin
- Buhari’s refusal to address the country on May 29 is because he’s weighed down with failure – PDP
- $5.513bn loan: SERAP wants Buhari to reveal spending details of loans by his government since 2015
- PDP records landslide victory in Benue LGA elections