Nigeria's External Reserves Increase Over Two Years
Nigeria's external reserves have risen to U.S $45.68 billion since the last quarter due to reasonably high oil prices and stability in the foreign exchange markets.
InFocus
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The country's foreign reserves has reached U.S.$42 Billion, in line with government's aim to build the reserves to U.s.$50 Million before the end of 2012. Read more »
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The federal government has amended its borrowing plan for infrastructural development, reviewing its proposed debt profile up from U.S$7.9 billion to U.S.$9.3 billion between 2012 ... Read more »
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The Debt Management Office gave an indication that the country's total debt profile might hit U.S.$25 billion by 2015. Read more »
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The federal government is coming under increasing criticism for its borrowing to facilitate infrastructure and other development projects in the country. Read more »
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