Business

Nigeria’s forex buffers up 2.9% to $47.4bn on April 25 -Cenbank data

Isaac UmunnaComment(0)

Nigeria’s foreign exchange reserves rose 2.9 percent from a month ago to a five year high of $47.36 billion as of April 25, central bank data showed on Monday.

Nigeria’s forex buffer stood at $30.76 billion, up 54 percent from a year ago, but is still far off a peak of $64 billion hit in August 2008.  Reuters

Isaac Umunna

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