• Nigeria’s foreign reserves appreciates by $658 million

    Nigeria’s foreign reserves appreciates by $658 million

    Nigeria’s forex reserve recorded an appreciable increase in the last four weeks as it rose by $658 million within November alone, a source at the Central Bank of Nigeria (CBN) confirmed to newsmen yesterday.

    The source, who pleaded anonymity, said the reserve recorded a huge increase last week, pushing the figure up from $23.95billion where it was at the beginning of the month to about $24.60 billion.

    The Monetary Policy Committee (MPC) had hinted that there was an increase in the forex […]