Nigeria’s external reserve gains $5.15 billion in 2021

Nigeria’s external reserve gains $5.15 billion in 2021

Nigeria’s externals reserve rose by $5.15 billion in 2021 to close at $40.52 billion as of 31st December 2021, representing a 14.5% rise compared to $35.37 billion recorded as of the end of the previous year.

This is according to data obtained from the daily tracker of the Central Bank of Nigeria (CBN).

The gain recorded in the country’s reserve level is majorly attributed to the $4 billion Eurobond, secured by the federal government in September, which saw the reserve surpass $41 billion in October 2021.

Source: https://nairametrics.com/2022/01/05/nigerias-external-reserve-gains-5-15-billion-in-2021/

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