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LequteMan
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Nigeria's foreign exchange reserves rose to $31.43 billion on August 27, up by 1.12 per cent from $31.08 billion a month earlier, according to data from the Central Bank of Nigeria (CBN).
The forex reserves of Africa's top crude exporter were down 20.65 per cent year-on-year from $39.61 billion a year ago.
The decline from $31.63 billion on August 14 reflected dollar sales by the central bank to bureau de change operators to narrow the margin between the naira currency's official and black market rates, Reuters stated.
The forex reserves of Africa's top crude exporter were down 20.65 per cent year-on-year from $39.61 billion a year ago.
The decline from $31.63 billion on August 14 reflected dollar sales by the central bank to bureau de change operators to narrow the margin between the naira currency's official and black market rates, Reuters stated.
