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Issues In The News

Jonathan on the verge of history as Nigeria forex reserves hit 32-month high of $42 bln

English: Nigeria in Africa


LAGOS Oct 19 (Reuters) – Nigeria’s foreign exchange reserves jumped to $42.02 billion by Oct. 17, their highest in 32-months and an increase of 3.11 percent, month-on-month, latest figures from the central bank showed on Friday.

Africa’s top energy producer’s forex reserves were last around this level on February 17, 2010 when they hit $42.22 billion. The reserves were at $40.75 billion at month ago.

Read on Reuter’s site

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together


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