By Richard ABANGWU InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s International Reserve has increased by 35 percent (35%) in year 2012 end. This is part of the International Monetary Fund’s (IMF’s) Executive Board Assessment on Nigeria after it concluded its 2012 Article IV consultation. According to the IMF, Nigeria’s external position has strengthened and […]
Tag: External Reserve
External Reserves Edge Higher to $48.174 Billion
Nigeria’s external reserves edged higher to close at $48.174 billion on March 12, data obtained from the Central Bank of Nigeria (CBN) showed yesterday. THISDAY also learnt that at its current value, the foreign reserves derived primarily from proceeds of crude oil earnings have improved by 8.65 per cent or […]
Sanusi: Nigeria Never Had $67bn Foreign Reserves
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has stressed the need for a thorough governance review of transparency and accountability in the oil sector. Sanusi said this while presenting a speech at a forum organised by members of the Metropolitan Club in Lagos Tuesday. […]
