Foreign Exchange Reserve Rises to $31.2b

Nigeria's foreign exchange reserves rose to more than two-year high of $31.22 billion by Aug. 8, central bank data showed on Wednesday.

Nigeria's dollar reserves, which have been battered by lower oil prices, climbed back to a level they last reached in July 2015, shortly after President Mohammadu Buhari took office, the data showed, according to Reuters report.

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