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CBN: Reserves at $46.7bn, Lending Rates Set to Fall as Inflation Eases
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CBN: Reserves at $46.7bn, Lending Rates Set to Fall as Inflation Eases
Nigeria’s gross external reserves have surged past $46 billion for the first time since 2018, offering the strongest buffer against external shocks in nearly a decade, the Central Bank of Nigeria (CBN) announced on Tuesday. Speaking at the opening ceremony of the Monetary Policy Department’s 20th anniversary colloquium at the CBN headquarters in Abuja, CBN Governor Olayemi Cardoso, represented by Deputy Governor (Economic Policy) Dr. Muhammad Sa…
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