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How CBN’s $46.7bn reserve buffer is shifting economy from volatility to stability
Recent monetary policy reforms of the Central Bank of Nigeria (CBN) are slowly but steadily pushing Nigeria’s economy from an era of volatility to stability. According to the apex bank, Nigeria’s key economic indicators are getting stronger, especially with the sharp rise in foreign reserves to $46.7 billion, enough to pay for more than 10 months of the nation’s imports. [...]