Nigeria’s external reserves rises by $1bn in two weeks

Nigeria’s external reserves have increased to  $26.968billion, the latest statistics posted on the Central Bank of Nigeria website have shown.

According to the CBN data, between December 30, 2016 and January 12, 2017, the foreign exchange reserves rose from $25.8bn to $26.8bn, indicating an increase of $1billion in two weeks

The foreign exchange reserves have been rising significantly in recent weeks following the gradual increase in crude oil price and production outputs.

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