Nigeria’s external reserves have risen by 58 per cent since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria in September 2023, driven by stronger export earnings, increased portfolio investments, FX market reforms, lower fuel import bills and improving investor confidence, findings by THE PUNCH show. Cardoso, who was appointed by President
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Inflows, FX reforms lift external reserves 58% under Cardoso
Punch Nigeria 1 day 1 mins read
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