$23bn net foreign exchange reserves 'll stablise exchange rate

US$100 million injected into foreign exchange market

See below the full release from the Ministry of Finance:  Vice-President Dr. Bharrat Jagdeo and Finance Minister Dr. Ashni Singh, along with Central Bank Governor Dr. Gobind Ganga, this afternoon met with the Chief Executive Officers and other representatives of commercial banks to discuss recent developments in the banking system specifically in relation to the market for foreign exchange. At the meeting, note was taken of the continued availab…

$23bn net foreign exchange reserves ‘ll stablise exchange rate

A financial expert, Prof. Uche Uwaleke, says the current size of Net Foreign Exchange Reserves (NRER) at 23.11 billion dollars will  positively impact on the value of the Naira. By Kadiri Abdulrahman A financial expert, Prof. Uche Uwaleke, says the current size of Net Foreign Exchange Reserves (NRER) at 23.11 billion dollars will  positively impact on the value of the Naira. Uwaleke, a Professor of Capital Market at the Nasarawa State University…

$23bn net foreign exchange reserves ‘ll stablise exchange rate- Uwaleke

A financial expert, Prof. Uche Uwaleke, says the current size of Net Foreign Exchange Reserves (NRER) at 23.11 billion dollars will positively impact on the value of the Naira. Uwaleke, a Professor of Capital Market at the Nasarawa State University, Keffi, is also the President of the Capital Market Academics of Nigeria. He said this […] The post $23bn net foreign exchange reserves ‘ll stablise exchange rate- Uwaleke   appeared first on Freedom …

$23bn net forex reserves‘ll stablise exchange rate – Uwaleke

A financial expert, Prof. Uche Uwaleke, says the current size of Net Foreign Exchange Reserves (NRER) at 23.11 billion dollars will positively impact on the value of the Naira. Uwaleke, a Professor of Capital Market at the Nasarawa State University, Keffi, is also the President of the Capital Market Academics of Nigeria. He said this …

$23bn net foreign exchange reserves should stablise exchange rate

A financial expert, Prof. Uche Uwaleke, says the current size of Net Foreign Exchange Reserves (NRER) at 23.11 billion dollars will  positively impact on the value of the Naira. Uwaleke, a Professor of Capital Market at the Nasarawa State University, Keffi, is also the President of the Capital Market Academics of Nigeria. He said this …

$23bn net foreign exchange reserves 'll stablise exchange rate

The CBN recently revealed that the NFER stood at 23.11 billion dollars at the end of 2024, their highest level in three years. The apex bank said that the development signalled a major improvement in the country's external financial position. It said that the NFER, which adjusts gross reserves to account for near-term liabilities such as currency swaps and forward contracts, stood at 3.99 billion dollars at the end of 2023.According to the CBN Go