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CBN: FX buffers rise as offshore inflows lift reserves above $40bn

…Naira outlook looking positive –Analysts By Chinwendu Obienyi Nigeria’s foreign exchange reserves rose for the fifth consecutive week to hit $40.16 billion as improved inflows from foreign portfolio investors and the Central Bank of Nigeria’s interventions bolstered the country’s FX buffers, raising hopes for short-term currency stability. Data from the CBN showed that gross reserves […] The post CBN: FX buffers rise as offshore inflows lift reserves above $40bn appeared first on The Sun Nigeria.


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