The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday said with stable crude oil production in recent times and attendant increase in the volume of oil export, the current state of the economy is good, ThisDay reports.

He also said the development had given signals of imminent exit from the current economic challenges. Emefiele made this disclosure in the Presidential Villa, Abuja while answering questions from journalists after a closed-door meeting with President Muhammadu Buhari.

The CBN boss said the prices of oil in the international market which had been hovering between $55 and $56 per barrel had also helped in improving revenue generation and consequently fortified the nation’s currency.