Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»Business Matters»Dangote refinery will save Nigeria on FX imports– Emefiele

    Dangote refinery will save Nigeria on FX imports– Emefiele

    Business Matters By Temitope N.Oct 16, 2021No Comments1 Min Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    The Central Bank Governor, Godwin Emefiele has established that Nigeria’s import of petroleum products using 30% of its forex can be reversed by the successful commencement of operations at the Dangote Refinery.

    CBN Governor- Godwin Emiefele
    CBN Governor- Godwin Emiefele

    Emefiele made this known during a foreign investors’ meeting held in New York while answering a number of questions raised by foreign investors.

    The questions hovered around Nigeria’s foreign exchange reserves, exchange rate, balance of payments and the country’s increasing foreign debts.

    The CBN Governor stated that the commencement of the Dangote refinery will be a major saver of foreign exchange for Nigeria, while also insisting that Nigerians will benefit greatly from the project.

    See also  GDP merits and demerits of doing business in Nigeria

    He said, “The Dangote refinery once it begins production would be a major FX saving source for Nigeria.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    CBN Governor Dangote Refinery FX Nigeria
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    FG Allocates N81.7bn for Streetlights Construction in 2023 Budget, Higher Than Total Amount for Schools and PHCs Combined

    Jun 2, 2023

    Caring Nigerian Married Men Must Be Ready To Be Called Woman Wrapper – Solomon Buchi

    May 31, 2023

    Igbos In Nigeria Must Learn To Respect Authority – Seyi Law

    May 30, 2023

    I Feel For Igbos In Nigeria – Pere

    May 30, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Get Social with Us
    • Facebook
    • Twitter
    • Pinterest 95
    • Instagram
    • YouTube
    Latest Posts

    President Tinubu Appoints Femi Gbajabiamila COS, Senator Ibrahim Hadejia, DCOS, George Akume, SGF

    Jun 2, 2023

    Jackie Is Chasing Clout By Attacking Hilda Bassey – Okon Lagos

    Jun 2, 2023

    Messi Knows Barcelona’s Doors Will Always Be Open To Him – Xavi

    Jun 2, 2023

    I Have 3 Sons Now – Kizz Daniel

    Jun 2, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    Pogba Did Not Respect Mourinho – Scholes

    Feb 3, 2019

    Femi Falana Tells Bukola Saraki To Resign

    Feb 8, 2016

    Zamfara Banditry: APC Tells MACBAN To Sensitize Fulani Youths

    Mar 3, 2022

    Drake Extends Record On The Hot 100 Chart

    Jun 16, 2017

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?