N4,000/$ Exchange Rate: NDC asks why refineries are not working

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Nigeria's Democratic Congress has criticized the federal government’s warning that restoring petrol subsidies could drive the naira to between N3,000 and N4,000 per US dollar. The party is also demanding explanations for why domestic refineries are not operating effectively.

By Henry Umoru ABUJA — The Nigeria Democratic Congress (NDC) has faulted the Federal Government’s warning that a return to petrol subsidy could push the naira to between N3,000 and N4,000 per dollar, demanding explanations for the failure of the country’s refineries to operate effectively. The party also questioned why Nigeria had mortgaged a sizeable […] The post N4,000/$ Exchange Rate: NDC asks why refineries are not working appeared first on Vanguard News.