Emefiele defends new forex controls, says N1.3tr spent on imports annually

25 June 2015, Abuja – The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has defended the decision of the central bank to tighten foreign exchange controls by excluding 40 items comprising rice, toothpicks, cement, margarine, palm kernel/palm oil products/vegetable oil, meat and processed meat products, among others, from the interbank forex market. In […] More »