Nigeria’s Forex Reserves Rose By $435.8m As Naira Continuous To Depreciate In May

Nigeria’s foreign exchange reserves rose by 1.35 per cent to $435.8m month-on-month to end the month of May at $32.69bn compared to $32.25bn which it was on April 30, 204, THE WHISTLER reports.

Analysis of the movement of reserves on the Central Bank of Nigeria’s database showed that reserves grew to a one-month high of $32,742,6bn as of May 23, 2024, but fell to $32.73bn the next day and $32.67bn on May 28, 2024.

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