nigerias external reserve

  1. Nigeria's $36B Foreign Reserves Face Pressure: CBN Sounds Alarm

    Nigeria Nigeria's $36B Foreign Reserves Face Pressure: CBN Sounds Alarm

    Nigeria's central bank warns of risks to foreign reserves due to petrol subsidy removal and lower oil earnings. Despite $36.08 billion in reserves, increased debt servicing and potential capital outflows pose challenges. The CBN remains optimistic, citing favorable trade terms and rising oil...
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