Browsing: Forex

The Central Bank “has been directed to do this and CBN has promised to do something by putting a system in place to eliminate the black market because it’s damaging the economy,” Adeosun told a conference.

Oduntan blamed the crisis in the electricity supply system on inconsistency and ineptitude on the part of the Nigeria Electricity Regulatory Commission (NERC), even as he called on government to intervene and help out by finding last solution to the problem of shortfall in the sector.