Mr Kanaya said, “All BDCs are allowed to sell to eligible end-users at a margin not more than one per cent above the purchase rate from CBN.’’
She said that to extend the recorded ease in prices, Nigeria must attend to the root causes of food insecurity.
The rights issue offers 5,232,748,964 ordinary shares of 50 kobo each at N36.00 per share.
“This government is run by kakistocrats and kleptocrats, ” Mr Ndume said.
CBN’s director in charge of financial markets, Omolara Duke, said this aims to promote stability and reduce volatility in the foreign exchange market.
According to CBN, cybersecurity threats, data breaches, and digital fraud are persistent concerns that could erode consumer confidence in the system.
On Tuesday, the FCT High Court adjourned until October 21 to continue the trial of ex-CBN governor Godwin Emefiele over alleged procurement fraud.
“Look at what Binance is doing to our economy. That’s why the government moved against Binance,” said Bayo Onanuga, a media aide to the president.
“Consequently, we urge the public to continue conducting their banking services without hesitation or apprehension,” Mr Olanrewaju said.
The CBN unequivocally states that the allegations are false and intended to trigger panic in the financial system.
