CBN castigates JP Morgan, says its estimate of Nigeria’s FX reserve is misleading
The Central Bank of Nigeria (CBN) has criticized JP Morgan’s recent estimate of Nigeria’s foreign exchange reserves, calling it a misrepresentation. CBN’s Director of the Monetary Policy Department, Hassan Mahmud, made the apex bank’s feeling on the issue known while speaking with AIT, stressing that fluctuations, liabilities, and encumbrances...