The nation’s foreign exchange reserves
has climbed to $25.4bn, according to the latest data made available by the Central Bank of Nigeria.
In less than one week, the reserves rose
by almost $300m from $25.084bn recorded on December 16, 2016 to $25.361
on December 22, 2016, the CBN data showed
The nation’s fast-depleting reserves had recorded $23.89bn low on October 19.
The reserves have dropped by 15.9 per cent from last year when they closed at $29.7bn.
The naira, which touched an all-time low
of 365.25 per dollar on August 18 at the official market, has
consistently closed around 305.5 in recent weeks.
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