Nigeria’s external reserves hit new high Jan. 2018

Business & Economy

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Figures obtained from the CBN on Monday, January 8, 2018 indicate that the External Reserves reached the $40.4 Billion mark on Friday, January 5, 2018, indicating an increase of about one billion United States dollars between December 2017 and January 2018. Confirming the figure, the Acting Director in charge of Corporate Communications at the CBN, Isaac Okorafor attributed the accretion to the country’s reserves to the Bank’s strategy to effectively manage forex demand by various sectors of the economy.

Read more at: https://www.vanguardngr.com/2018/01/nigerias-external-reserves-hit-40-4bn-2/

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