Nigeria's External Reserves Rise By U.S.$1.6 Billion in One Month

3 February 2013

The nation's external reserves rose by $1.68 billion to $45.86 billion in January while the Central Bank of Nigeria (CBN) sold $833.5 million at its bi-weekly foreign exchange auction.

Data published by the CBN showed that the external reserves rose from $44.178 billion as at December 28, 2012 to $45.858 as at January 29th, representing 3.8 per cent increase.

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