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FX reserve unlikely to fall to $30bn, no devaluation on the horizon – CBN

Nigeria does not see its foreign exchange reserve level falling to $30 billion and so is not contemplating a currency devaluation anytime soon, a senior Central Bank (CBN) official told BusinessDay last night. It had been reported last week that CBN Governor Godwin Emefiele had told investors in London the apex bank would consider a…

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