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 Reps summon finance minister, DG budget over ‘controversial’ waivers

Why the external sector is under pressure

As foreign reserves dips further By Emeka Anaeto Nigeria’s external reserves have recorded a steady decline since its last peak on June 03, 2020, settling at $36.12 billion, down from $36.58 billion amidst the sustained demand pressures in all the segments of the nation’s foreign exchange market. The reserves started in second half 2020 (H2’20)
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Restorium Capital berths in Nigeria, launches credit enhancement, project funding services

Nigeria’s external reserves hit $40.4bn

As projected by the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele at the Annual Bankers’ Dinner of the Chartered Institute of Bankers (CIBN) in Lagos last November, the nation’s External Reserves have hit a new level of $40.4 Billion. This is even as the Bank injected a total of $210 million into the interbank Foreign Exchange Market in the first round of trading for the year on Monday, January 8, 2018.

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