Tue Apr 12, 2016/Reuters By Felix Onuah China has offered Nigeria a loan worth $6 billion to fund infrastructure projects, the Nigerian foreign minister said on Tuesday. The announcement came as both countries signed a currency swap deal to boost trade. Nigeria has been in talks with China on an […]
Tag: Foreign Exchange Reserve
External reserves climb to $42bn
Latest figures from the Central Bank of Nigeria have shown that foreign exchange reserves jumped to $42.02bn by October 17, the highest in 32 months and an increase of 3.11 per cent, month-on-month. Figures on the CBN website showed that the reserves, which stood at $40.75bn a month ago, were […]
External reserves hit $41.12bn
Foreign exchange reserves have risen to more than 29-month high of $41.12bn by September 26, and were up by 7.16 per cent month-on-month, latest figures by the Central Bank of Nigeria have shown. The figures revealed that forex reserves had not been as high as $41.12bn since April 19, 2010, […]
