Learn more

Governor of the Central Bank of Nigeria, Olayemi Cardoso, says Nigeria received $600 into the country’s foreign reserves. The development will see the Naira appreciate further below N1,074 per Dollar at the official market in the coming days. The CBN governor made the revelation at the International Monetary Fund’s spring meetings in Washington, D.C, Wednesday. The apex bank clarified that the shifts in the country’s reserves have nothing to do with defending the Naira in the FX market. “In the next couple of days, I think between yesterday and today, we had about $600 million into the reserve…