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Olayemi Cardoso, appearing governor of the Central Financial institution of Nigeria (CBN) has outlined rapid or short-term measures in direction of addressing the issue of naira free fall.
Responding to a sequence of questions requested by members of the Senate throughout the screening of the CBN governor and deputy governor nominees, he mentioned, to start with, the CBN must clear the overseas trade (FX) backlog no matter the quantity.
Learn additionally Senate emerges from shut door session to display CBN governor, others
If confirmed, he mentioned the workforce will make use of operational and system-related measures to handle the overseas trade points.
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