Fuel Subsidy Removal Could Hinder External Reserve Growth – CBN

Naijanews | 18-09-2024 03:15am |

The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidies, rising import costs, and increased external debt servicing could negatively impact the growth of the nation’s external reserves in 2024/2025. This was outlined in the CBN’s Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the fiscal years 2024/2025. Despite these [...]The post Fuel Subsidy Removal Could Hinder External Reserve Growth – CBN appeared first on Naija News.

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