The InfoStride Forum

NEWS and REPORTS => Nigerian News => Topic started by: Punch on Apr 16, 2012, 04:00 PM

Title: Nigeria’s foreign reserves rise to $36bn
Post by: Punch on Apr 16, 2012, 04:00 PM
Nigeria's foreign reserves rose to $36,048,849,506 as at April 12, 2012, up from $34,748,914,692 a month earlier.

Data posted by the Central Bank of Nigeria on its website indicated that the foreign reserves jumped from $35,969,437,141 on April 10 to $36,008,626,785 on April 11 before hitting the latest figure a day later.

The reserves opened the year 2012 on January 3 at $32,985,598,844. By February 3, 2012, it had risen to $34,750,615,695.

It made a significant jump to $35,035,908,409 on February 13 before dipping to $35,020,737,045 the following day and $34,977,812,639 by February 15.

By the next day, it had again dipped to $34,930,760,062.

But it moved up steadily again by March 19 to $35,076,730,045.17 and remained on a positive note till April 12.

The difference between the 2012 opening figure and the latest position as at April 12 indicates an upswing in the position of the nation's reserves.



The Punch