Business Nigeria's External Reserves rise to $37.9bn

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The Central Bank of Nigeria (CBN) yesterday on its website said that the nation’s external reserves stood at 37.91 billion dollars as at April 15.

According to the apex bank, 36.87 billion dollars of the reserves is in ‘liquid’ form, while 1.048 billion dollars is in ‘blocked’ form.

The new figure represents an increase of 60 million dollars or 2.77 per cent over the 37.85 billion dollars recorded on April 1.

The News Agency of Nigeria (NAN) reports that the reserves has been fluctuating from 43.51 billion dollars in January to 37.91 billion dollars in April.
 
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