Nigeria builds buffers to brace against uncertainty


The Bank of Nigeria outlined plans to boost its external reserves buffer in the minutes of its latest Monetary Policy Committee meeting, published today (September 25).

In the meeting, held on September 17 and 18, members said the country's tight monetary policy regime and high oil prices presented the opportunity to build up the external reserve buffer and protect the domestic economy from global uncertainty.

The committee said another policy challenge was the potential inflow of "hot money"

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] 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

If you already have an account, please sign in here.

To continue reading...

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 here: