Tag
FX RESERVE
The Nigerian naira strengthened further in the parallel market on Monday, appreciating to N1,527/$1, its highest level in over a month.
Global Forex Reserves hit $12.3 trillion at the end of 2023 representing a 3.5% year-on-year increase from the $11.92 trillion recorded a year earlier.
Nigeria’s foreign exchange (FX) reserve has experienced a sharp decline of about $1.02 billion within a span of 18 days, as the CBN continues its aggressive defence of the naira.
Nigeria's forex reserves have risen to $34 billion according to the governor of Nigeria's central bank, Olayemi Cardoso.