Nigeria’s foreign reserves rise to 36624 USD million – CBN

Nigeria’s foreign reserves increased to 36,624 USD Million on May 15, 2023, from 36,500 USD on May 8.

DAILY POST reports that this is according to the Central Bank of Nigeria’s recent data.

The increase represents a margin rise in less than seven days.

The development comes amid the continued fall of the Naira against the Dollar.

Months ago, Nigeria’s Foreign Exchange Reserves decreased to 36.7 USD million in Feb 2023, compared with 37.0 USD billion in the previous month.

Foreign exchange reserves are assets held on reserve by a monetary authority in foreign currencies. It influences the foreign exchange rate of its currency and maintains confidence in financial markets.

Do You Need More Trending Updates? Then kindly bookmark our blog Realgosipcenter.com.ng, we will update you with more latest musics in mp3 audio format and video in mp4 formats as soon as they drop for quick downloads.