430.
The global fall in oil prices induced by the coronavirus pandemic had affected the flow of foreign currency to Nigeria, whose major source of forex income is oil imports. The survey indicated that out of the 14 subsectors surveyed, electrical equipment; transportation equipment; cement and non-metallic mineral products subsectors recorded expansion.The subsectors are petroleum and coal products; primary metal; furniture and related products; printing and related support activities; food, beverage and tobacco products; textile, apparel as well as leather and footwear.
To ensure stability in the market, the Central Bank of Nigeria officially changed the exchange rate of the naira to the dollar from N361 to N379 in August. The President, MAN, Mansur Ahmed, urged the apex bank to consider unpaid credit from the second quarter of 2019 to date, which had been agreed with suppliers at N345 to a dollar.
Cryptocurrency will save them.
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