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Nigeria population figures not accurate-UNFPA

The United Nations Population Fund's (UNFPA) Assistant Representative in Nigeria, Osaretin Adonri, has said the Nigerian population figures are speculative, projected and not accurate. The country is long overdue for a census, which would dismiss the catalogue of speculative population figures.  The 2006 population census conducted puts Nigeria’s population at 140,003,542 while the National Bureau of Statistics (NBS) 2012 data estimated Nigeria’s population to be 166.2 million. “Nigeria needs a census for population accuracy and effective planning,” Adonri said.  According to the UNFPA 2019 State of the World Population report, Nigeria’s population has increased to 201 million, having grown at average rate of 2.6 per cent from 2010 to 2019. Credit: Financial Nigeria
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CBN intervenes in Retail SMIS with $279.13m, CNY 46.92m

The Central Bank of Nigeria (CBN) has again made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $279.13 million and CNY 46.92. 
Figures of the sales consummated on Friday, February 8, 2019 revealed that the sum of $279,128,518.66 was injected to meet requests of customers in the agricultural, airlines, petroleum products and raw materials and machinery sectors. 
The Bank’s Director, Corporate Communications Department, Isaac Okorafor also confirmed that the sum of CNY46,924,114.04 was for payment of Renminbi-denominated Letters of Credit for agriculture as well as raw materials. 
Friday’s transaction was in addition to the $210 million injected into the Wholesale, Small and Medium Enterprises, and Invisibles segments of the market on Tuesday, February 5, 2019. 
While expressing the satisfaction of the Bank’s management at the stability in the different segments of the foreign exchange market, Okorafor attributed the level of stability to the Bank’s transparency in foreign exchange transactions. 
With the exchange rates closing at N358/$1 on Friday, February 8, 2019,  Mr. Okorafor, expressed confidence that the Naira will continue to enjoy stability, given the periodic interventions of the Bank in the inter-bank segment.
credit:proshareng

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