Analysis

US$40bn reserves: Is the naira not undervalued?

by Uche Uwaleke

January 17, 2018 | 12:40 am
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In November last year, during the Annual Bankers’ Dinner of the Chartered Institute of Bankers in Lagos, Godwin Emefiele, the Governor of the Central Bank of Nigeria had projected that the country’s external reserves would hit the US$40 billion psychological threshold ‘before the end of 2018’. He probably did not envisage that his prediction would…

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by Uche Uwaleke

January 17, 2018 | 12:40 am
  |     |     |   Start Conversation

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