Tag Archives: $46bn

Nigeria’s external reserves hit five-year high of $46bn, inch up to $50bn

  Following the success of the $2.5 billion Eurobond issue by the federal government last month, coupled with higher oil production and prices, Nigeria’s external reserves hit a five-year high of $46 billion on Friday, representing an increase of 18 per cent or $7 billion over the country’s reserves figure of $38.912 billion as of January 2, 2018. It has also ...

Read More »