External Reserves Accumulate to 17-Year High of $50.12bn
Nigeria’s gross external reserves have climbed to a historic 17-year high of 50.12 billion dollars, recording an extraordinary 30.9 per cent expansion year-on-year. Data from the Central Bank of Nigeria shows that the current liquid buffer has reached its highest operational peak since late 2009. This massive accretion represents a substantial increase of nearly 12…