Foreign exchange reserves have risen by 5.71 per cent month-on-month to $38.51bn on August 28, 2012, from $36.43bn recorded a month earlier. The latest figures released by the Central Bank of Nigeria on Wednesday showed that forex reserves rose to a two-year high of $38.51bn. The reserves have not been […]
Tag: Foreign Exchange Reserve
Forex reserves drop by 1.4%, now $36.4bn
Foreign exchange reserves have fallen by 1.4 per cent month-on-month to $36.40bn on July 25, from $36.93bn recorded a month earlier. The slight drop, representing $53m decline, according to analysts, is attributable to the falling oil prices and strong dollar demand. Forex reserves had plunged in the month of June, […]
