Nigeria’s FX reserve hit $35.05 billion the highest since Tinubu’s administration today according to data from the Central Bank of Nigeria.

The last time the reserve reached this height was May 30 2023, a day after the president’s inauguration when it was $35.09 billion and before the unification of the naira in June.

The foreign reserve has recorded a steady increase in recent weeks,  as last week Friday it was $34.66 billion.

Details later…

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Eniola Olatunji is an experienced journalist at BusinessDay, where she has specialized in reporting on personal and business finance since March 2022. She focuses on creating engaging and precise news stories, with a keen emphasis on the fixed-income market, banking, personal finance, cost of living, and the Nigerian economy. Her work also encompasses extensive market research and economic trend analysis. Eniola is passionate about empowering individuals to make informed financial decisions and is dedicated to shedding light on the intricate workings of the economy. She holds a Bachelor of Science degree in Pure & Applied Chemistry from the University of Lagos. Eniola Olatunji was shortlisted for The Future Awards Africa Prize for Journalism..

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