EBC: Nigeria’s $51 billion reserves face risks from hot money, oil dependence

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EBC Financial Group warns that Nigeria's $51 billion foreign reserves are at risk due to volatile portfolio inflows and the country's heavy dependence on oil. The situation raises concerns about the sustainability of the reserves amid global economic pressures.

Global brokerage firm, EBC Financial Group has said that Nigeria’s foreign reserves currently at $51 billion remain vulnerable to volatile portfolio inflows and the country's continued dependence, warning that it may not be sustainable. The post EBC: Nigeria’s $51 billion reserves face risks from hot money, oil dependence appeared first on Nairametrics.