The International Monetary Fund (IMF) has forecasted that Nigeria’s foreign reserves could drop to $24 billion in 2024, according to its latest country report. This projection indicates a significant decline, posing potential foreign exchange challenges for Africa’s largest economy. As of February 8, the country’s external reserves stood at $33.12 billion. The IMF anticipates a … Continue reading IMF Predicts $8 Billion Decline in Nigeria’s Foreign Reserves for 2024