Nigeria, Feb. 25 -- The Central Bank of Nigeria (CBN) has expressed its commitment to embracing the 'Presidential Executive Order 09', saying it will improve Nigeria's revenue and external reserves.

The CBN governor, Olayemi Cardoso, disclosed this on Tuesday while addressing the media at the end of the 304th Monetary Policy Committee (MPC) meeting held in Abuja.

The apex bank governor stated that the presidential order has potential impacts on improving revenue and accretion to reserves.

President Bola Tinubu recently signed the 'Presidential Executive Order 09', which requires all oil and gas revenues due to Nigeria to be paid directly into the Federation Account.

On Tuesday, the CBN governor cited the prospective impacts of oil and...