CBN: Fuel Subsidy, Import Costs, External Debt Pose Risk To External Reserves

The Central Bank of Nigeria (CBN) has warned that the removal of fuel subsidy, 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. However, the...The post CBN: Fuel Subsidy, Import Costs, External Debt Pose Risk To External Reserves first appeared on New Telegraph.The post CBN: Fuel Subsidy, Import Costs, External Debt Pose Risk To External Reserves appeared first on New Telegraph.

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