CBN SAYS COUNTRY’S EXTERNAL RESERVES TO HIT 50 BILLION DOLLARS SOON

The Governor of Central Bank of Nigeria, CBN, Godwin Emefiele has made predictions that the nation’s foreign reserves would soon hit a 50 billion dollar mark.

Emefiele disclosed this in Uyo, Akwa Ibom State.

The CBN Governor said the reserves rose to 47.4 billion dollars as at April 5.

He also stated that policies of the CBN in recent times helped the country to navigate its way out of economic recession, warning that the nation must remain vigilant and build on the post-recession gains in order not to relapse into another cycle of recession.

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