Global rating agency, Fitch, sees the external reserves of Africa's biggest economy rising to $42 billion by the end of 2021, the highest since September 2019, courtesy of a projected average oil price of $53 per barrel.
That would come as a positive development as it will give the CBN legroom to
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
