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Nigeria’s forex reserves hit 32-month high of $42billion

Nigeria’s foreign exchange reserves jumped to $42.02 billion by October 17, their highest in 32-months and an increase of 3.11 per cent, month-on-month, latest figures … Continue reading Nigeria’s forex reserves hit 32-month high of $42billion


Nigeria’s foreign exchange reserves jumped to $42.02 billion by October 17, their highest in 32-months and an increase of 3.11 per cent, month-on-month, latest figures from the Central Bank of Nigeria showed on Friday.

The forex reserves were last around this level on February 17, 2010 when they hit $42.22 billion.

The reserves were at $40.75 billion, a month ago.