Eurobond, IMF give CBN firepower to defend naira
By There is hope for a stable naira going forward as the expected foreign exchange inflows worth about $6.3 billion will likely give Nigeria’s central bank the firepower to defend the local currency. A breakdown of the inflows indicated that Eurobond issuance worth $3-$5 billion and the $3.3 billion allocation from the International Monetary Fund’s (IMF)…
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