FX reserves rise by $86.67m amidst CBN’s multiple channels

The gross FX reserves increased for the second consecutive week, growing by $86.67 million to $38.10 billion following strong measures instituted by the Central Bank of Nigeria (CBN) to attract more inflows to the economy, Daily Trust can report. Analysts say stronger FX reserves are expected to bolster the CBN’s capacity to manage excess naira [...]

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