President Muhammadu Buhari’s anti-graft war has started yielding dividends. Following blockage of leakages, Nigeria’s foreign reserves have increased from $28.57 billion at the end of May to $31.53 billion as of July 22, 2015, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, disclosed, yesterday.
Also, the country will very soon reduce importation of refined petroleum products significantly because Port Harcourt and Warri refineries have started refining products and the Kadua refinery will resume operations in August.
Emefiele made the disclosures while briefing the press at the end of the Monetary Policy Committee, MPC, meeting, in Abuja. $ 31. 5 b Foreign Reserves
Also, the country will very soon reduce importation of refined petroleum products significantly because Port Harcourt and Warri refineries have started refining products and the Kadua refinery will resume operations in August.
Emefiele made the disclosures while briefing the press at the end of the Monetary Policy Committee, MPC, meeting, in Abuja. $ 31. 5 b Foreign Reserves