An increment was recorded on Nigeria’s foreign reserve as it increased by $26 million on Thursday to close at $33.381 billion.
Reports say since the reserve started moving positively, it has gained over $287.1 million in just 10 days despite enduring a significant plunge in the previous months.
It will be recalled that the Central Bank of Nigeria banned the sales of foreign exchange to Bureau De Change (BDC) operators in the country, due to reports of the operators’ illegal trading of the dollar, trading beyond the limit threshold of $5,000 and gradually dollarizing the Nigerian economy, according to the CBN governor.
