Foreign Reserve

According to the latest figures from the Central Bank of Nigeria, Nigeria’s external reserves increased by $500 million in one week, reaching their highest level in more than two months. The reserves, which had been fluctuating in recent weeks, increased to $33.93 billion on Monday, the highest level since June 11. According to CBN data, reserves dipped to a record low of $33.09 billion on July 12 from $34 billion on June 10. In a similar event, the naira strengthened against the dollar on Tuesday in both the parallel market and the foreign currency window for Investors and Exporters. The […]