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FG has spent $8 billion to support the Naira – Rewane

Summary by Nairametrics

The Federal Government has spent approximately $8 billion in an attempt to stabilize the naira amid ongoing economic pressures. This was made known by the CEO of Financial Derivatives Company, Bismarck Rewane on Friday. Speaking on Channels Television’s News at 10 on Friday, Rewane highlighted the substantial interventions made to manage exchange rate volatility and […] The post FG has spent $8 billion to support the Naira – Rewane appeared fir…

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akelicious.net

FG Spends $8 Billion to Stabilize Naira Amid Economic Struggles – Rewane — Akelicious

The Federal Government has spent nearly $8 billion in efforts to stabilize the naira amid persistent economic challenges, according to Bismarck Rewane, CEO of Financial Derivatives Company. Speaking on Channels Television’s News at 10 on Friday, Rewane highlighted the government’s significant financial interventions aimed at managing exchange rate fluctuations and controlling inflation. His remarks followed the Monetary Policy Committee (MPC) me…

1 hour ago

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TheNigerialawyer

Rewane Questions New Inflation Data: 'Street Reality Shows 33%, Not 24.4%' - TheNigeriaLawyer

*Says Nigeria Spent $8 Billion To Defend Naira The Federal Government has expended approximately $8 billion in an effort to stabilize the naira, amid persistent economic pressures and currency volatility. This revelation was made by the CEO of Financial Derivatives Company, Bismarck Rewane, during an interview on Channels Television’s News at 10 on Friday. He highlighted the extensive financial interventions made to curb inflation and support th…

3 hours ago

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Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper.

CBN spent $8bn on Naira defence against dollar at FX market – Rewane

The Chief Executive Officer of Financial Derivatives, Bismark Rewane, has revealed that the Nigerian government, through the Central Bank of Nigeria, has spent almost $8 billion defending the naira at the foreign exchange market in the last months.Rewane, a renowned economist, disclosed this at the weekend in an interview with Channels Television.He was reacting to the decision by the Monetary Policy Committee to retain the country’s interest ra…

3 hours ago

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Tekedia

Nigeria Has Spent $8 Billion Defending Naira – Bismarck Rewane

The Nigerian government has spent approximately $8 billion in an attempt to stabilize the naira amid ongoing economic turmoil, according to Bismarck Rewane, CEO of Financial Derivatives Company. Speaking on Channels Television’s News at 10 on Friday, Rewane highlighted the substantial interventions made to manage the country’s currency fluctuations and combat inflationary pressures. His remarks […] The post Nigeria Has Spent $8 Billion Defending…

9 hours ago

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