The revelation of Godwin Emefiele, Governor of the Central Bank of NigeriaThat official foreign exchange earnings from crude oil sales in Nigeria’s official reserves have steadily dried up from over $3.0 billion a month in 2014 to absolutely zero dollars has sparked outrage among Nigerians.
Some analysts have criticized Emefiele’s claim, saying that the estimate omitted revenue from the royalty payments oil companies pay to the government from the association’s account, as well as…
