Nigeria’s Foreign Reserves Hit $39.12bn …C0NTINUE READING HERE >>>
The Nigerian foreign reserves has risen to US$39.12 billion, representing 12.74 per cent as of October 11, 2024 (last week Friday) from US$34.70 billion at the of end June 2024, the Central Bank of Nigeria (CBN) Governor, Yemi Cardoso has said.
Cardoso who stated 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-party.
The apex bank’s governor also told lawmakers that the foreign exchange reserves have grown significantly with remittance flows,…
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