The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has announced that the country’s foreign reserves have risen above $46 billion.
He made this disclosure during the opening session of the Monetary Policy Department’s 20th anniversary colloquium held in Abuja on Tuesday morning.
Mr. Cardoso pointed out that this represents the first time since 2018 that Nigeria has reached this level, noting that the amount could fund more than 10 months of imports.
Details later…
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