Nigeria’s foreign exchange reserves up 9% in past month -CBN
Nigeria’s foreign exchange reserves stood at $46.2 billion as of March 28, up 8.8 percent from a month earlier, central bank data showed on Saturday.
Successful debt sales, including a eurobond offering last month, have helped the government accrue billions of dollars in foreign reserves, although they remain far from the peak of $64 billion in August 2008.
The government raised $2.5 billion in Eurobonds in February and expects more to follow.
Nigeria’s foreign exchange buffer has climbed 53 percent since March 2017 when it stood at $30.30 billion.
About Post Author
Related posts:
N675bn bribes paid to Nigerian public officials in 2019 – Report
Inflation may rise in coming months - LCCI
T-bills: FG to pay investors N847.43bn in Q1 2020
External reserves drop by $4.9bn in nine months
Vodafone failed to invest in Nigeria despite Obasanjo's backing, says El-Rufai
US becomes net crude oil exporter, first time ever
How Nigeria can meet 4% annual trade growth, by Iheanacho
OPEC tackles energy poverty in Africa as oil nations convene in Vienna
Investors scared of Nigeria, says Utomi
Moody’s changes Nigeria’s ratings from stable to negative
