Nigerian central bank welcomes drop in depletion of foreign reserves

central-bank-of-nigeria
Central Bank of Nigeria

A communique from the Central Bank of Nigeria's (CBN) monetary policy meeting, which took place on Monday and yesterday, "welcomed the moderation in the rate of depletion in external reserves in recent months".

It also stressed that reserves accumulation "needed to improve much faster to provide a strong and more resilient buffer to fiscal operations".

The CBN said a gradual reduction in the country's import bills through domestic production of some of the country's major food imports should be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.