Rewane projects CBN will spend $8 billion defending naira in 2022

Bismarck Rewane the Managing Director of Financial Derivatives Company Ltd, yesterday, projected the Central Bank of Nigeria (CBN) will spend between $8 and $10 billion to defend the naira in 2020. This, he said, would drag the country’s gross external reserves to between $30 and $32 billion this year. The gross reserves, which resumed after […]