Naira: Why FAAC releases worsen FX pressures – CBN Governor, Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso has explained that monthly revenue releases by the Federal Account Allocation Committee, FAAC are impacting Nigeria’s foreign exchange pressures. Cardoso disclosed this in his remarks after the CBN 297th Monetary Policy Committee meeting on Tuesday. He raised alarm over the growing level of fiscal deficit [...]Naira: Why FAAC releases worsen FX pressures – CBN Governor, Cardoso

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