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Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, says for the first time in a long while, the country’s volume of transactions in the foreign exchange market rose to $800 million.
He disclosed this while addressing members of the House of Representatives at the sectoral debate on the economy.
Cardoso said he is confident that with the recent policy intervention by the CBN, the Nigerian economy will bounce back stronger.
The landslide, triggered by heavy rains, brought part of a mountainside cascading over a remote village in Davao de Oro province on Mindanao island on Tuesday night, killing at least five people, with 31 injured and three evacuated by helicopter. Rescuers are battling to find dozens of people missing after a landslide buried buses and houses in a gold-mining village in the southern Philippines.
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