Business
Nigeria’s External Reserves Appreciate To $34Bn
The nation’s external reserves have hit $34bn from $33.6bn attained on October 25, the Central Bank of Nigeria has stated.
The reserves have been appreciating very fast after hitting $32bn on September 18.
The Deputy Governor, Financial System Stability, CBN, Dr. Joseph Nnanna, who disclosed the latest figure in Lagos on Saturday, said the exchange rate stability achieved so far by the apex bank had come to stay.
He expressed confidence that the usual end-of-the-year rush would not push up the naira-dollar exchange rate contrary to some people’s expectations.
The CBN deputy governor said this while fielding questions from journalists at a forum organised by the Chartered Institute of Bankers of Nigeria.
Ejimenkeonye Emeka
October 30, 2017 at 12:13 pm
In 1980 China external reserve is $10.5b and Nigeria external reserve is $10b … 2017 China is $3.6t and Nigeria is $34b and Nigeria is celebrating …failures.. Oligarchy organized cabals taking this country backward… Nigeria has sold crude oil of $500t from 1954 and we saved nothing out of it ….very soon oil will not be needed and Nigeria will be doomed ….
Emmanuel Odozi
October 30, 2017 at 10:48 am
Not to bad
Ekene Udensi
October 30, 2017 at 9:54 am
Liar’s… APC propaganda…