June 27, 2017

EXTERNAL RESERVES IN MODEST 0.83% RISE, HITS $37.23B

EXTERNAL RESERVES IN MODEST 0.83% RISE, HITS $37.23B

Godwin-Emefiele

By Kingsley Ighomwenghian

YD2205

 

Almost one month into his five-year tenure, Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), may have lived true to his resolve to raise the nation’s external reserve pool.

 

Latest data for the month of June, published by the apex bank, shows that as of Thursday, June 26, 2014, Nigeria’s reserves stood at $37.23 billion, representing a rise of about $308.963 million or 0.83 per cent month-to-date, from the $36.959 billion reported at the end of May.

 

Read more here.

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