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Nigeria’s Foreign Reserves Hit $38.2billion | The Precision

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The
Central Bank of Nigeria (CBN) say Nigeria’s foreign reserve
has reach $38.2 billion, the first time in nearly three years.

 
The
Governor of the apex bank, Godwin Emefiele made the
disclosure at the commissioning of the Blueband margarine production
line in Agbara, Ogun state on Tuesday.

THE PRECISION recall that the
foreign reserve stood at $40 billion in October 2014, but went down
to $23 billion in January 2016, following a crash in commodity prices at
the international market.

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