IMF Pegs Capital Outflows From Nigeria, Other Emerging Markets At $50b
The International Monetary Fund (IMF) estimated the volume of capital that has left emerging markets, including Nigeria, following the ongoing interest rate cycle at $50 billion.
It linked the flight, which it described as a...
Capital Outflows Shrink Nigeria’s External Reserves To $41.995bn
Nigeria’s external reserves fell to $41.995bn at the end of October, representing a decline by $5.793bn or 12.12 per cent, compared with the $47.788bn it was as at the end of June, 2018, data compiled from the...
Falling External Reserves, Capital Outflows Not A Cause For Worry - CBN
The Central Bank of Nigeria has said the recent decline in the nation’s foreign exchange reserves and capital outflows from the country are not a cause for worry.
The external reserves, which rose to...
