Nigeria’s Foreign Reserves Continue to Fall, as Naira Faces Challenges vs. Dollar

Posted on 12/31/2019


Professor Adeola Adenikinju is a member of the Monetary Policy Committee at the Central Bank of Nigeria (CBN). Near the end of December 2019, Adenikinju, through a personal statement said that “the fall in foreign reserves and deterioration of current account balances are red signals pointing a difficult time ahead for the Naira.” CBN’s gross […]

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