Nigeria’s external reserves rise above $54bn amid FX and oil gains
Nigeria’s gross external reserves have climbed above $54bn under Central Bank Governor Olayemi Cardoso, according to Punch Nigeria. The report attributes the increase to reforms in the foreign-exchange market and stronger oil inflows, but does not provide a precise reserve figure, timeframe or further details about the policy measures involved.
Nigeria’s gross external reserves have risen above $54bn under Central Bank Governor Olayemi Cardoso, Punch Nigeria reports. The increase has been attributed to reforms in the foreign-exchange market and stronger inflows from oil, according to the supplied report. The report presents the rise as occurring during Cardoso’s tenure as governor of the Central Bank of Nigeria.
No precise reserve figure, measurement date or further breakdown of the oil inflows and foreign-exchange reforms was provided in the source material.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.