Tuesday 28 July 2015

NIGERIA EXPECTS FURTHER RISE IN RESERVES AS NNPC MOVES MORE FUNDS TO CBN

Nigeria’s dollar reserves are to increase in the medium term as the Nigerian National Petroleum Corporation (NNPC), continues to move dollar denominated deposits out of commercial banks into the Central Bank of Nigeria (CBN).

This is being complimented by efforts to block leakages, which helped to shore up government revenues for the month of June.

 Read more @ Businessday

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