Nigeria’s external reserves have increased to $36.881 billion as of September 11, 2024, from $36.305bn on August 30.
This is according to Central Bank of Nigeria’s data of External reserves movement in the past weeks.
This showed that the country’s external reserves increased by $576 million between the end of last month and September 11.
The development showed Nigeria’s positive financial outlook.
The country’s reserves, crucial for stabilizing the naira, financing imports, and managing external obligations,
This is why Nigeria recorded appreciation to close at N1,546.41 against the dollar on Friday to end the week on a good note.
Naira appreciation: Nigeria’s external reserves surge to $36.881bn – CBN
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