Nigeria’s FOREX reserves hit $30b

Nigeria’s foreign exchange reserves rose above $30 billion as of March 8 to its highest level since October 2015, central bank data showed on Friday.

Nigeria’s dollar reserves have increased by 15.02 percent since the start of the year, data showed, but were far off their peak of $64 billion hit in August 2008.

The level of reserve was $26.09billion at the beginning of January, meaning that the Central Bank had built it up with additional $4billion.

As at 9 March, Nigeria had $30.038 billion in reserve, compared to $29.668b at the beginning of the month.

At the beginning of February, CBN figures showed the level of reserve at $28,227,251,639.

Loading...

The CBN has not officially explained the new figures, but increase in the flow of oil income may have added to the nation’s reserve liquidity.

Loading...
Please follow and like us:

Do You Have Any Story, Press Release, Events Coverage Or You Want An Advert Placement?

Call The DailyBells Nigeria Today On Our Hotlines +234 802 523 7926,  +234 806 017 6677 Or WHATSAPP On +234 802 523 7926

Email: dailybellsnigeria@yahoo.com Or megacrown1@yahoo.com.

Thanks. MGT

All Rights Reserved. This Material And Any Other Material On THE DAILYBELLS NIGERIA Should Not Be Reproduced, Published Broadcast, Written Or Distributed In Full Or In Part, Without Written Permission From The Editor/CEO..

%d bloggers like this: