Nigeria’s Foreign Reserve Plummet By $2.2 Billion
Nigeria’s foreign reserves have decreased by $2.2 billion, raising concerns about the central bank’s backing of the Naira and the resolution of over $2 billion in foreign exchange backlog. Henzodaily reports that this development follows remarks made by the Chief Executive Officer of Financial Derivatives, Bismark Rewane, who mentioned that the Central Bank of Nigeria … Read more