Aviation fuel will be sold at the rate of N480 per litre to airline operators for the next three months.
The development all but put to rest speculation about whether or not Godwin Emefiele would join partisan politics while leading the nation’s central bank.
The Buhari-led administration had banned all trading in cryptocurrencies in Nigeria, citing it being used to launder money, fund terrorism, amongst other corrupt and nefarious activities.
“Any composed banknote discovered in the deposit of DMBs shall attract penalty of 400 per cent of the value.”
The project is costing the bankers’ committee about $100 million, according to the Central Bank of Nigeria governor, Godwin Emefiele.
The programme is designed to reduce poverty, enhance wealth creation and food security in the country.
Nigerian coins have overtime lost their value due to the Naira’s depreciation and rising inflation.
The 10 members of the committee at the meeting were said to be divided on policy decisions.
“Consequently, the CBN is opposed to the passage of the proposed bills for the repeal and re-enactment of the existing Money Laundering (Prevention) Act 2011.”
The Reps also approved N369 billion as the 2022 budget for customs.
