Nigeria’s forex reserves hit one-month high, near $35bn

Nigeria’s foreign exchange reserves have risen to the highest point in more than a month, the latest data from the Central Bank of Nigeria show.

Markets Reporters had reported on April 1 that the reserves rose by $404 million in the last 13 days of March to close the month at $34.82 billion.

The reserves, which ended a falling streak last month after nearing a one-year low, increased further to $34.96 billion on April 6, according to the CBN.

The country’s external reserves have increased by $548 million since Mar. 18, when it stood at $34.42 billion.