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InfoWARE Analyst Daily Market Report (24-May-2022 14:38:24.294)
(Source: InfoWARE Terminal, Date: 24-May-2022)
Dear Investor,
InfoWARE Analyst Daily Market Report - 24-May-2022 14:38:24.293

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

Nigeria FX Reserves are assets held on reserve by CBN in foreign currencies. These reserves are used to back liabilities and influence monetary policy. Given the nature of the Nigeria economy, FX Reserves can appear to have an outsize influence on the economy and hence on the capital market. The chart below allows comparison of FX Reserves against the ASI to make investment decisions

Economic Indicators - Nigeria FX Reserves Vs ASI Chart

For more detailed analysis,


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