Nigeria’s FX Reserves at $34.53b

Nigeria’s foreign exchange reserves stood at $34.53 billion as of Nov. 24, up nearly 3 percent from a month earlier, central bank data showed on Thursday.

The bank did not provide a reason for the increase in reserves, which stood at $33.58 billion at the same date last month.

Nigeria’s forex buffer has climbed 40.5 percent this year from a year ago, but is still far off a peak of $64 billion hit in August 2008.

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