Latest data on the website of the Central Bank of Nigeria (CBN) indicated a $968.518m or 3.14% rise in the nation’s external reserves between July 31 and August 29, 2017, when it stood at $31.811bn, representing a two and half-year high.
For the third quarter between June and August, Nigeria’s reserves the CBN noted rose by $1.481bn or 4.88% from $30.329bn; while Year-to-date, the reserves level increased by a significant $5.968bn, representing 23.09%.