Foreign reserves at $31.22bn reaffirm CBN’s capacity to defend naira

Foreign reserves at $31.22bn reaffirm CBN’s capacity to defend naira

Nigeria’s external reserves on Tuesday August 8, 2017 rose to $31.22 billion from its low level of $23.9 billion in October 19, 2016. This, analysts believe reaffirms the capacity of the Central Bank of Nigeria (CBN) to continue its defence of the local currency. The price of Brent crude oil as at 2.54 pm (August…

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