Nigeria’s Foreign Reserves Hits $39.12bn …C0NTINUE READING HERE >>>
The Nigeria’s foreign reserves has risen to US$39.12 billion, representing 12.74% increase as of October 11, 2024, from US$34.70 billion at the end June 2024, the Central Bank of Nigeria
(CBN) Governor, Yemi Cardoso, has said.
Cardoso, who stated this at an interface with the House of Representatives Committee on Banking, said the increase was driven largely by foreign capital inflows, receipts from crude oil related taxes and third parties.
The apex bank’s governor also told lawmakers that the foreign exchange reserves have grown significantly with remittance flows, currently…
>