Nigeria’s external reserves hit $38bn

Image result for moneyNigeria's foreign reserves is now at $ 38.2bn, hitting a 39-month high on the back of rising oil price and the success of the $ 3bn Eurobond auctioned by the government.


Central Bank of Nigeria's Governor, Godwin Emefiele while commissioning Unilever Plc's 10,000 metric tonnes Blue Band factory in Ogun state said the reserves have moved up steadily from $ 23 billion in October last year.
The governor said the restriction of foreign exchange to the 41 items by the bank made the construction of the plant a reality.


Nigeria eased out of recession last quarter with a GDP growth of 0.55%

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