Latest News in Nigeria
Naira appreciation: Nigeria gets fresh $600m into FX reserves
Governor of the Central Bank of Nigeria, Olayemi Cardoso,
says Nigeria received $600 into the country’s foreign reserves.
The development will see the Naira appreciate further below
N1,074 per Dollar at the official market in the coming days.
The CBN governor made the revelation at the International Monetary
Fund’s spring meetings in Washington, D.C, Wednesday.
The apex bank clarified that the shifts in the country’s
reserves have nothing to do with defending the Naira in the FX market.