External reserves reach 22-Month high To $37.31bn — CBN …C0NTINUE READING HERE >>>
Nigeria’s external reserves have reached a 22-month high of $37.31bn, reflecting significant foreign inflows into the economy of the country.
Data from the Central Bank of Nigeria (CBN) revealed that as of September 18, 2024, the reserves hit the highest level since November 4, 2022, when they stood at $37.36bn.
This marks a notable recovery in Nigeria’s foreign currency position.
The external reserves represent the country’s stock of foreign currency. However, they have…
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