Godwin Emefiele, 53, immediate past Group Managing Director of Zenith Bank Plc resumed yesterday as the 11th Governor and chief executive of the Central Bank of Nigeria (CBN). One of the major concerns that stare him in the face, no doubt, is how to stem the continued hemorrhage of the nation's external reserves.
Latest data released by the apex bank on its website Monday evening showed that Nigeria's foreign reserves closed red, shedding $1.178 billion or 3.09 per cent at the end of May. The level declined from $38.138 billion at the end of April to $36.959 billion last month, its lowest in recent times.
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