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Reading: Nigeria’s Foreign Reserves Rise to $36bn
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Nigeria’s Foreign Reserves Rise to $36bn

By
Farouk Mohammed
ByFarouk Mohammed
Publisher
Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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December 18, 2017 - 8:24 am
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Nigeria’s foreign reserves climbed $36.9 billion as at Thursday, December 14, 2017, records from the Central Bank of Nigeria (CBN) have shown.

Nigeria’s foreign reserves have recorded a growth of 5.1 percent from December 1 to December 14, 2017 and grew by 0.4 percent from the previous day, Wednesday, December 13, 2017, when the reserves had $36.7 billion.

On December 1, 2017, the amount in the reserves was $35.1 billion

The Nigeria government had a target to increase the amount in its external reserves to $40 billion before the end of the year, but may not be met going by the rate the reserves have grown this year.

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