CBN Responds to JP Morgan: Your $3.7 Billion Estimate of Nigeria’s FX Reserve is Misleading

Sunday 20th August 2023

Aug 27, 2023

∙ Paid

I hope you are having an amazing Sunday! Welcome back to the newsletter that aims to give the readers a weekly recap on the major events going on in the Nigerian Business World.

On Monday, 21st August 2023, JP Morgan made an estimate claiming the Central Bank of Nigeria (CBN) has a reserve estimated at $3.7 billion, drastically lower than the $14 billion…

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