The Governor of Central Bank of Nigeria, Mr Olayemi Cardoso has said that the country’s foreign reserves has exceeded $40bn, marking the highest level in nearly three years.
Cardoso said this in a panel discussion moderated by the Director, Middle East and Central Asia Department, IMF, Jihad Azour, on the sideline of the just-concluded inaugural Conference on Emerging Markets Economies organised by the Ministry of Finance, Saudi Arabia, and the International Monetary Fund (IMF) Regional Office in Riyadh,