Home Business External reserves appreciates by 20 percent in three months

External reserves appreciates by 20 percent in three months

0

 

The nation’s external reserves have risen by $4.7 billion or 20 per cent in the past three months, according to the latest data from the Central Bank of Nigeria. Statistics on the CBN website on Sunday revealed that the foreign exchange reserves increased from $24.0bn on November 9, 2016 to $28.7 billion on February 9, 2017.

The data also showed that within two months, the reserves increased by $3.8 billion or 15.3 per cent from $24.9 billion recorded on December 9, 2016 to $28.7 billion on February 9, 2017. In the same vein, the reserves have increased by $2.9 billion or 11.2 per cent since the beginning of this year till date.

Specifically, the external reserves rose from $25.8 billion on December 30, 2016 to $8.7 billion recorded on February 9, 2017. The nation’s external reserves had risen by 15 per cent in three months, the CBN data showed in late January. Specifically, the foreign exchange reserves increased by $3.6 billion from $23.8 billion on October 19, 2016 to $27.4 billion on January 19, 2017.

wema_bank_salary_based_loan

Like and Share this:

ADD YOUR COMMENT

Please enter your comment!
Please enter your name here