Market News
External reserves hit $41bn, drives Naira appreciation to N1,545/$ - VANGUARD
By Elizabeth Adegbesan
Nigeria’s external reserves have risen to $41.046 billion, the highest in four years, driving further appreciation of the Naira in the parallel market.
Data from the Central Bank of Nigeria, CBN showed that the external reserves rose steadily to $41.046 billion from $37.21 billion on June 30. This translates to $3.836 billion or 10.3 per cent increase in reserves in two months.
