CBN increases gold holdings to $3.5 billion, solidifying reserve strategy

[LagosPolice]

The Central Bank of Nigeria (CBN) has added responsibly sourced gold to its foreign reserves, increasing its gold holdings to $3.5 billion.

This move marks a significant step in Nigeria’s reserve diversification strategy, and the gold was refined to London Bullion Market Association (LBMA) Good Delivery standards.

The update was provided in a statement by the CBN on Wednesday.

 

[Adegoroye]

The Central Bank of Nigeria (CBN) has added responsibly sourced gold to its foreign reserves, increasing its gold holdings to $3.5 billion.

This move marks a significant step in Nigeria’s reserve diversification strategy, and the gold was refined to London Bullion Market Association (LBMA) Good Delivery standards.

The update was provided in a statement by the CBN on Wednesday.

This is best way to go and africa should all go that way and move from dollar foreign reserve to more of gold

 

[Tobcom]

A very good iniative from the Central Bank of Nigeria. Talking about Diversification.

 

[Ugobeauty]

CBN deserves a thumbs up