Monday, January 15, 2018

Video - Nigerian stock market in three year high, forex reserves hit US$40 bln

Nigeria's Central Bank says that the country's foreign reserves reached $40.4 billion as of January 5th, marking an increase of roughly $1 billion from December. [TAKE: Gfx] Successful debt sales, including multiple Eurobond offerings last year, have helped the government accrue billions of dollars in foreign reserves, although they remain far from the peak of $64 billion in August 2008. The country's stock exchange also recorded a high of 40,000 points on Tuesday, a level was last experienced in October 2014.

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