N452/N456 (updated 22.10.16:close)
buying/selling naira exchange rates per USD
Monday, 5 September 2016

The Central Bank of Nigeria is asking Nigerians to stay calm despite the ravaging effects of an economy which has been battered by a worsening recession.

CBN's DG of Communications, Isaac Okoroafor, made the call at a one-day interactive enlightenment meeting with organised labour in Imo State capital, Owerri, on Sunday.

His words:
"What is required from everyone of us is a strong belief that we can get out of it as hardworking people. There are things we need to do to get out of the recession: we are calling on all Nigerians to be calm, work hard enough and obey simple rules."

Speaking of Federal Government's ban on the importation of 41 items that could be produced in Nigeria to save the country’s foreign exchange reserve, Okoroafor said:
"We should all support that policy, so that we can allow our people to produce those goods and supply to the people so that we can consume them and give employment to our people, instead of importing the same goods from abroad and creating jobs abroad for their people."
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