Smarting from the recent fairly favourable oil prices at the international market and monetary policy proactive measures, Nigeria has overtaken South Africa in net foreign reserves, with the country’s reserves peaking at $47.37 billion as against South Africa’s about $43.12 billion currently. The accretion in Nigeria’s foreign reserves is attributed to the sundry proactive monetary […]
Tag: Nigeria’s Foreign Reserves
Nigeria’s External Reserves Rise to $40.4Bn
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Monday disclosed that the nation’s external reserves have risen to a new level of $40.4 billion.