Home > Business > Nigeria’s foreign reserve hits $43.047 Billion

Nigeria’s foreign reserve hits $43.047 Billion

The Nigeria’s foreign reserves rose by $6.42m to $43.047 Billion from $43.041bn as at December 17, 2018 .

According to latest data from the Central Bank of Nigeria, the reserves, which suffered significant decline in the past, have maintained a steady rise in recent times.

The CBN Governor, Godwin Emefiele, says since crude oil is a major source of the country’s foreign exchange, the nation’s economy became sensitive to fluctuations in the energy market.

READ ALSO:  Return to oil production cuts in 2019 cannot be ruled out: OPEC sources