Good news as Nigeria’s external reserve, naira record gains after receiving $2.25bn Afreximbank loan

  • Nigeria’s foreign reserve has reacted positively to the announcement of a loan from the African Import-Export Bank
  • CBN data shows that the reserve witnessed a significant increase to $33.042 billion as of January 3, 2024
  • Similarly, the naira reversed its loss position to commence gain on Thursday, January 4, as a result of the development

Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

Foreign exchange reserves increased to $33.042 billion as of January 3, 2024, according to data from the Central Bank of Nigeria (CBN). This is up from $32.912 billion on Friday, the final trading day of 2023.