Nigeria Spends 30% of It's FX on Petrol Imports - CBN Chief

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During a foreign investors’ meeting held in New York this week, Nigeria’s central bank governor Godwin Emefiele spoke to a number of questions raised regarding Nigeria’s FX reserves, exchange rates, balance of payments and the country's increasing foreign debt. He said the country spends almost 30% of it's scarce foreign exchange on petrol imports, petrochemicals and so on. The central bank chief believes with the operation of Dangote refinery the country will be able to save foreign exchange.


https://www.youtube.com/watch?v=BG36k7tZbnE

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