Nigeria’s foreign reserves rise to $32.16bn

Posted by News Express | 30 September 2017 | 1,315 times

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Nigeria’s foreign exchange reserves were up 1.52 percent from a month earlier to $32.16 billion by Sept. 22, latest central bank data showed on Friday.

Nigeria’s dollar reserves were up almost 30 percent from a year earlier. The bank did not provide a reason for the increase, which could be a result of a rise in global oil prices and its own crude production at home.


Source: News Express

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