IMF: Nigeria’s reserves may fall to $24bn in 2024

The International Monetary Fund says it expects Nigeria’s foreign reserves to fall by $8 billion to $24 billion in 2024 with a possible recovery to $38 billion by 2028 as portfolio inflows were forecasted to pick up once again. Kingsley Nwaiwu, Head, Consumer Sector Sales for Global Market at Stanbic IBTC joins CNBC Africa to discuss this and more.
Tue, 13 Feb 2024 14:03:25 GMT