Nigerian forex reserves hit new high of $56. LAGOS (Reuters) – Nigerian foreign reserves rose to a new high of $56. The latest figure published on the bank’s Web site did not state how many months of Nigeria’s imports the reserves can finance, but it had said the January figure could support 28 months of the top African oil exporter’s import bills. Nigeria, sub-Saharan Africa’s second biggest economy, has recorded significant growth in its forex reserves in the past three years thanks to rising oil prices, Nigeria’s main stay. read more
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