Nigeria’s foreign exchange (FX) reserves have grown by approximately $535 million over the past 28 days.
This is according to data from the Central Bank of Nigeria (CBN).
The data shows that there has been a steady upward trend in the reserves.
The CBN reported that the FX reserves rose from $32.107 billion on April 19, 2024, to $32.642 billion by May 16, 2024.
This growth represents a substantial boost for the country’s external reserves, which play a crucial role in stabilising the naira and supporting the economy.
