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External Reserves Fell By $3.43bn In 2022
According to figures obtained from the Central Bank of Nigeria, the country’s external reserves fell by $3.43 billion in 2022. CBN disclosed that the reserves which stood at $40.52 billion as of the end of December 31, 2021, ended December 29, 2022, at $37.09 billion. External reserves or Foreign exchange reserves are assets held on…
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CBN Commits $16.9bn To FX Market In H1’22
The Central Bank of Nigeria, CBN, has disbursed about $16.9 billion in its foreign exchange market interventions and statutory obligations in the first half of 2022, H1’22. This is about 4.0 percent drop against $17.6 billion sold in the corresponding period of 2021, H1’21. Details of the transactions show the amount covers the inter-bank window…