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Nigeria foreign reserve resume decline on offshore portfolio exit, regular FX sale

Nigeria foreign reserve resume decline on offshore portfolio exit, regular FX sale

The current peculiarity of the Nigerian economy owning from negative sentiments and low risk tolerance of offshore portfolio players has caused foreign reserve to resume decline against an uptick experienced in gross reserve by US$950 million in December to US$43.12 billion after the latest sale of FGN Eurobond which raised US$2.86bn. This was however referred…

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