Nigerian Stock Market in 3-Year High, Forex Reserves Hit U.S.$40 bln
- Author:
- CGTN Africa
- Publisher:
- CGTN Africa
- Publication Date:
- 14 January 2018
- Tags:
- Nigeria, Economy, Business and Finance
Nigeria's Central Bank says that the country's foreign reserves reached $40.4 billion as of January 5th, marking an increase of roughly $1 billion from December. [TAKE: Gfx] Successful debt sales, including multiple Eurobond offerings last year, have helped the government accrue billions of dollars in foreign reserves, although they remain far from the peak of $64 billion in August 2008. The country's stock exchange also recorded a high of 40,000 points on Tuesday, a level was last experienced in October 2014.
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