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EBC: Nigeria’s $51 billion reserves face risks from hot money, oil dependence

EBC: Nigeria’s $51 billion reserves face risks from hot money, oil dependence

News

Global brokerage firm, EBC Financial Group has said that Nigeria’s foreign reserves currently at $51 billion remain vulnerable to volatile portfolio inflows and the country’s continued dependence, warning that it may not be sustainable.

The post EBC: Nigeria’s $51 billion reserves face risks from hot money, oil dependence appeared first on Nairametrics.

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