Nigeria’s foreign reserves
24 Oct
The minister of finance and coordinating minister of the economy, Wale Edun, announced on Wednesday that the country’s gross foreign reserves have grown due to the government’s decision to stop defending the naira through heavy interventions. Edu made this known on Wednesday during a Nigeria fixed income meeting with foreign investors in Washington, D.C. The…
15 Oct
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that Nigeria's reserves have risen to $39.12 billion as of October 11, 2024. The CBN governor said this translates to about a 12.74 percent increase from $34.70 billion at the end of June 2024. Cardoso said the growth was driven largely by…
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