FX reserves hit $40.8bn one month after Eurobond

Nigeria’s foreign exchange reserves surged by $591.78m in the month following the government’s $2.2bn Eurobond auction on December 2, 2024. Data from the Central Bank of Nigeria shows that reserves increased from $40.29bn on December 2 to $40.88bn on January 3, 2025. This represents a month-on-month growth of 1.47 per cent and highlights the positive

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