Nigeria’s external reserves surge to $34.66 billion, highest level in 13 months

Nigeria’s external reserves surge to $34.66 billion, highest level in 13 months

Nigeria’s external reserves have increased yet again, this time by $1.88 billion to $34.66 billion as of July 4, 2024, marking a 13-month high. This is according to Nairametrics historical records of the central bank’s external reserve data for the last year. Our records also indicate this is the highest level the external reserve has touched since the introduction of the foreign exchange (FX) unification policy, back in June 2023. The growth in reserves is also on the back of …