- The CBN governor has clarified that Nigeria’s external reserve is not being used to defend the naira
- He said this following concerns that the CBN is using foreign reserves to support the local currency
- He assured that the CBN’s ‘ways and means’ is no longer a problem as the outstanding debt was securitised
Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.
Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has said that the apex bank is not using Nigeria’s foreign reserves to protect the naira.
