Nigeria’s forex exchange (FX) reserve will fall in 2022 as the Central Bank of Nigeria 9CBN) plans to clear about $1.7bn in FX backlog to foreigners and FX forward contracts, the World Bank has said. The global bank stated that the nation’s reserves rose to $41.3bn at the end of 2021, which offered it an … Continue reading Nigeria’s Forex Funds To Drop, CBN Plans $1.7bn Arrears Payment