The nation’s external reserves, which have risen steadily since last year due to reasonably high oil prices and stability in the foreign exchange market, rose higher to $47bn on February 21, 2013. Data obtained from the Central Bank of Nigeria’s website on Friday showed that the reserves recorded $2.68bn appreciation […]
Tag: External Reserve
External reserves to witness less pressure
The National Bureau of Statistics on Monday said the country’s external reserves would experience less pressure this year due to a reduction for the demand for foreign exchange to settle high import bills. The bureau said in a report released in Abuja that the projected increase in the value of […]
External reserves rose by $2.34bn in six weeks
The upbeat recorded in the nation’s external reserves have continued into the month of February as the reserves recorded $2.34bn in six weeks. Data obtained from the Central Bank of Nigeria’s website on Friday showed that the reserves rose to $46.68bn as at February 14, from $44.34bn recorded on January […]
