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DAILY BUSINESS NEWS BRIEF – External reserves hit $40.4bn, highest since Jan 2014 – CBN

Home   /   NSE-Stats 24/09/2014   /   DAILY BUSINESS NEWS BRIEF – External reserves hit $40.4bn, highest since Jan 2014 – CBN
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January 9, 2018
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in NSE-Stats 24/09/2014

 

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External reserves hit $40.4bn, highest since Jan 2014 – CBN
Nigeria’s external reserves have hit a new level of $40.4 billion, data released yesterday by the Central Bank of Nigeria (CBN) has shown. The figures d from the CBN yesterday indicated 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…]

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