The Central Bank of Nigeria reported that Nigeria’s external reserves hit a record high of $34.07 billion on June 26, 2024,
This information was revealed in the CBN’s latest FX data on its official website.
This marks the highest level since March 2024.
Last week, the reserves reached a three-month high at $33.5 billion and have since continued to surge, surpassing $34 billion for the first time since March 21, when it stood at $34.2 billion.
The reserves have grown by a significant $1.3 billion since June 2024.
In related developments, CBN’s Governor Olayemi Cardoso disclosed that the bank’s reforms have attracted $24 billion in inflows in the first quarter of 2024.
However, despite the rising FX reserves, the Naira depreciated to N1510.10 per Dollar at the forex market, according to FMDQ data on Thursday.
