Nigeria’s external reserves hit $36.39 billion as of January 27, the Central Bank of Nigeria data indicated.
The apex bank attributed the rise in external reserves to improvements in crude oil prices and partial global economic recovery.
The bank’s data showed that the reserves, which commenced the year at $35.65bn, rose to $36.52bn as of January 25.
The bank said it was a significant improvement compared with $34.94bn at the end of November 2020.
