Reports as at Thursday, December
14, 2017, a total of $36.9 billion was left in the foreign reserves of
Nigeria, data from the Central Bank of Nigeria (CBN) reveals.
According
to the apex bank, this amount grew by 0.4 percent from the previous
day, Wednesday, December 13, 2017, when the reserves had $36.7 billion.
Nigeria’s foreign reserves have recorded a growth of 5.1 percent in from December 1 to December 14, 2017.
On December 1, 2017, the amount in the reserves was $35.1 billion.
Already, the external reserves of Africa’s largest economy have recorded 41.2 percent increase this year.
According
to data obtained by Business Post on the website of the CBN, where
details of the reserve management and movement are published, the
country opened the year with $26.1 billion in the reserves.
The
government had a target to increase the amount in its external reserves
to $40 billion before the end of the year, but may not be met going by
the rate the reserves have grown this year.