- Nigeria’s external reserve has risen by 3.6 per cent in January to $33.35 billion
- The rise is attributed to the rise in crude oil prices and increased oil production by the Nigerian government
- The development comes amid a 61% decline in the value of the naira following CBN’s actions
Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.
Nigeria’s external reserves, which indicate the future of the exchange rate of the naira, increased by 3.6% to $33.35 billion in January 224 to reverse a five-month drop which started in August 2023.
