How Nigeria's external reserves increased by $110 million in 24 hours

  • Nigeria’s foreign exchange reserve has risen to $34.7 billion, adding $110 million in 24 hours
  • The reserve has gained about $316 million in the first seven days of this month
  • The development has seen the naira appreciate in the official market to N1,509.66 per dollar as against the N1,520 it traded the previous day

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.

Data from the Central Bank of Nigeria (CBN) shows that Nigeria’s foreign exchange reserve has reached a new high of $34.7 billion after adding $110 million in 24 hours.