Home / Jobs in Nigeria / Business / Foreign reserve today has inched to $28.9 billion – CBN Governor

Foreign reserve today has inched to $28.9 billion – CBN Governor

“I am happy to say that foreign reserve today has inched to $28.9 billion. It is exciting to see this happen.
But is there a need to float the Naira? It is important to note that we have to manage the reserve.
That means from time to time we will intervene in the market to make sure the exchange rate does not go beyond our expectations and those interventions will be to moderate the rates as necessary”
– Mr. Godwin Emefiele, CBN Governor

Send Money To Nigeria Free

About Lolade


Check Also


CBN drags Nine Banks For Failing To Remit $2.3bn NNPC Funds

Determined not to tolerate any further breach of extant financial regulations, the Central Bank of Nigeria (CBN) has barred nine banks from all foreign exchange transactions. The banks, THISDAY exclusively gathered this afternoon, were barred for failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the presidency last year. The banks, whose suspension would remain in force until they remit all the funds to ...