National Wire About Nigerians, Nigerian Business and Other Stories
Egypt’s forex reserves overtake Nigeria’s first time since 2011
Dayo Emmanuel (With Agency reports) For the first time in six years, Egypt’s foreign-exchange reserves have overtaken Nigeria’s, Bloomberg.com has reported. The North African country, which floated the pound and secured international monetary funding in November, has seen overseas holdings of local-currency bonds soar to $7.5 billion from just $100 million earlier. In Nigeria, where the apex bank, the Central …
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