Nigeria: External Reserves to Hit U.S.$36 Billion

25 May 2020

The nation's external reserves may rise above $36 billion by end of this week, even as the naira depreciates further in the parallel market.

Last week, the reserves rose for the third consecutive week, to $35.765 billion on Thursday May 21 from $35.034 billion on Thursday May 14, translating to week-on-week increase of $731 million.

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