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Home Uncategorized

Nigeria’s dollar reserves at $33.69b as of Oct. 27 – CBN

metro by metro
October 31, 2017
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FG considers foreign exchange reforms as dollar shortages bite
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Nigeria’s foreign exchange reserves stood at $33.69 billion as of Oct. 27, up 4.1 percent from a month earlier, central bank data showed on Tuesday.

The bank did not provide a reason for the increase in reserves, which stood at $32.37 billion last month.

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Nigeria’s forex buffer has climbed 40.68 percent this year from a year ago, but is still far off a peak of $64 billion hit in August 2008.

Tags: CBNNigeria’s foreign exchange reserves
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