Nigeria’s forex reserves hit four-month high
Nigeria’s foreign exchange reserves have risen to the highest level in four months, according to the latest data from the Central Bank of Nigeria.
The reserves, which have risen consistently since August 25 after wobbling for several weeks, hit $34.78 billion on Sept. 9, the highest since May 4. The reserves gained $760m in the first nine days of this month.
The CBN data showed that the reserves had fallen to a record low of $33.09bn on July 12 from $34bn on June 10.
