CBN’s spokesman, advised bank customers with unresolved complaints to contact the CBN.
The country’s Central Bank cites reduction, interoperability and enhanced cross-border payments as the main drivers for the digital currency’s adoption.
The Central Bank of Nigeria (CBN), Thursday said it will stop selling forex to Deposit Money Banks by the end of 2022.
![CBN Governor, Godwin Emefiele. [CREDIT: Bloomberg]](https://gazettengr.com/wp-content/uploads/CBN-Governor-Godwin-Emefiele.jpg)
“We are aware that some of our cement manufacturers are producing for both the domestic and export market…”
The bank said the review was in response to “further evolution in the financial industry in the last few years.”
The lawmaker’s said the CBN has deviated from its primary function of monetary policy to focus on fiscal policy measures, a function of the Ministry of Finance.
CEO Laoye Jaiyeola made his comments at the launch of the NESG 2022 Macroeconomic Outlook Report on Tuesday in Abuja.
He also assured Nigerians would soon buy rice at a reasonable price.
The apex bank says changing the rates at this time could worsen inflation and reverse recent economic gains.
The court on July 12, 2019 ordered the payment of the sum of N151.1 million being the unpaid pension arrears for Mr Nyame and three others.
