Nigeria’s External Reserves Hit $47.93bn

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Minister of Finance and Leader of Nigerian Delegation to the 2018 IMF-World Bank Spring Meeting, Mrs. Kemi Adeosun with the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, addressing a joint press briefing at 2018 IMF-World Bank Spring Meeting in Washington DC, USA.

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Sunday disclosed that the nation’s foreign reserves has hit US$47.93 billion.

He also reiterated Nigeria’s positive growth outlook, noting that a growth of 2.5 per cent had been projected by the IMF and World Bank for Nigeria.

“There is need to save for the raining day and also continue to grow the foreign reserves. If we had enough reserves, we wouldn’t have suffered the recession shocks,” he explained at a joint press briefing at the end of the 2018 International Monetary Fund and World Bank Spring Meeting in Washington…



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