The Central Bank of Nigeria (CBN) disclosed in its latest data provided on its website that the country’s external reserves reached a total of $45.43 billion. This was recorded on January 23rd.
The new figure represents an increase of 2.87 per cent over the preceding figure of $45.35 billion published on January the 22nd.
Nigeria’s external reserves grew by 34.76 per cent in 2012 to over 44 billion dollars and have continued the upward trend in 2013 as oil prices rise at the international market.
However they fell below the Federal Governments $50 billion target set for 2012.