External Reserve hits $60billion – Soludo

sixty billion U.S Dollars which can finance over three years’ imports.

The Governor of the Central Bank, Professor Chukwuma Soludo while addressing newsmen at the end of the Monetary Policy Committee meeting also announced the increase in CBN’s lending rate to Banks from nine- point- five to ten percent.

Correspondent quotes that CBN Governor as saying that it is of measures to check the inflation rate which is the concern of the committee.