Business Nigeria’s Foreign Reserves Hit $46.2b - The Nation

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Nigeria’s foreign exchange reserves gained 8.8 per cent as of March 28, to $46.2 billion compared to same period in February 2018, according to data from the Central Bank of Nigeria (CBN).

The reserve is still far from the peak of $64 billion recorded in August 2008.

Debt sales such as Eurobond offering by Federal Government helped Nigeria to accrue billions of dollars in foreign reserves, Reuters reports


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