Nigeria’s net FX reserves hit $23bn, highest in 3yrs

The Central Bank of Nigeria (CBN) has reported the highest Net Foreign Exchange Reserve (NFER) position as of the end of 2024.

According to CBN data released on Tuesday, NFER stood at $23.11 billion, the highest level in over three years.

The improvement marked an increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021.

Read more at Dailytrust

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