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Nigeria’s Foreign Reserves Rise to $36bn

Farouk Mohammed
By Farouk Mohammed
Published: December 18, 2017
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Nigeria’s foreign reserves climbed $36.9 billion as at Thursday, December 14, 2017, records from the Central Bank of Nigeria (CBN) have shown.

Nigeria’s foreign reserves have recorded a growth of 5.1 percent from December 1 to December 14, 2017 and grew by 0.4 percent from the previous day, Wednesday, December 13, 2017, when the reserves had $36.7 billion.

On December 1, 2017, the amount in the reserves was $35.1 billion

The Nigeria government had a target to increase the amount in its external reserves to $40 billion before the end of the year, but may not be met going by the rate the reserves have grown this year.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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