As of September 11, 2024, Nigeria’s external reserves have risen to $36.881 billion, up from $36.305 billion on August 30.
This information comes from the Central Bank of Nigeria’s recent data on external reserve movements over the past few weeks.
The increase of $576 million from the end of last month to September 11 reflects a positive financial outlook for the country.
These reserves are essential for stabilizing the naira, financing imports, and managing external obligations.
As a result, the naira appreciated, closing at N1,546.41 against the dollar on Friday, marking a strong end to the week.
