Nigeria's Forex Reserves To Hit $40 in 2018 - CBN

The Central Bank Governor, Godwin Emefiele, has predicted that the nation’s Foreign Exchange reserve, which currently stands at $34 billion will hit N40 billion by the end of 2018.

This were contained in the governor’s keynote address to the Annual Bankers’ Dinner of the Chartered Institute of Bankers of Nigeria (CIBN), held in Lagos over the weekend.
Emefiele in his Outlook for 2018 said: “Over the last 12 months Nigeria’s FX reserves grew by over US$10 billion from just over US$23 billion in October 2016 to over US$33 billion in October 2017.

“It is my belief that if we remain resolute with our efforts, policies and actions we can attain an FX reserve position of about US$40 billion by end 2018.”

The governor further said monetary policy stance could change when the underlying fundamentals become supportive.
Nigeria's Forex Reserves To Hit $40 in 2018 - CBN  Nigeria's Forex Reserves To Hit $40 in 2018 - CBN   Reviewed by getitrightnigerians on 07:49:00 Rating: 5

No comments:

Take advantage of our blog traffic and promote your product to millions of viewers.

For advert placements and other Enquiries, kindly send us a mail at or call 08025707646, 07031338542

Visit the Play stores to Download our mobile app and stay up -to-date.

Powered by Blogger.