Foreign Reserves rise to $32.16 bln by Sept. 22 – CBN

Nigeria’s foreign exchange reserves were up 1.52 percent from a month earlier to $32.16 billion by Sept. 22, latest Central Bank of Nigeria (CBN) data showed on Friday.

Nigeria’s dollar reserves were up almost 30 percent from a year earlier. The bank did not provide a reason for the increase, which could be a result of a rise in global oil prices and its own crude production at home.

Foreign Exchange Reserves in Nigeria increased to $31. 8 billion in August from $30.74 Billion in July of 2017. Foreign Exchange Reserves in Nigeria averaged $107. 42 Million from 1960 until 2017.