Nigeria's foreign exchange reserves rose $30.69 billion by July 22, up 5.6 percent from $29.03 billion a month earlier, latest data from the central bank.

However, the forex reserves of Africa's top crude exporter were down20.9 percent from $$38.8 billion a year ago.

The growth in reserves for the month was attributed to efforts of the present government to plug leakage and demand management by the central bank.

The central bank restricted access to foreign exchange by last month and introduced tight control of the foreign exchange market to curb speculation and conserves forex reserves.

http://uk.reuters.com/article/2015/07/24/nigeria-reserves-idUKL5N10411G20150724

INTROVERT , This is Good news

Another False and Useless Propaganda coming from the grunting liars!!!..(APC)

m

Good.

This nation sha..

Secret Oil Theft: What Buhari Government Found Shocked Us

Baba is working, saTANists are wailing.

K

Isn't this funny

Some people on nairaland will only rear their ugly heads when the country is doing badly but will shut up if any positive news comes out

This is indeed shameful

I hope barcanista writes an article on how reuters lied and this is apc propaganda

How has this stopped a dollar from exchanging for #243?



Meanwhile, this pictures happened somewhere in America... One word pls!

Tainoids will still wail!
Oya barca or chelsea abi wetin be that Nairaland Wailers in Chief name, Eba don land go and copy Ogbono frm Wikipedia for us to swallow it

Ahmed0336:
INTROVERT , This is Good news

the chick is running errands for me so njoy ftc while i kip her away

[img]http://i./WZSGk0PRFx0CA.gif[/img]

bobbiekrantz:
Another False and Useless Propaganda coming from the grunting liars!!!..(APC)

TANoid #1

lies from the pit of hell....

Nigerians are in for a rough 4 years...

This guys won via propaganda

They still want to rule with propaganda

Allah kiyaye

Please can we get a detailed analysis of this information,cant get anything realistic from the source page just the usual peddling of figures.

.

More to come from the best President Nigeria has ever had since Awolowo and Azikwe days. Click Like if you agree, share if you disagree

Sometimes I laugh when peeps come here to scream 'baba go slow' because a dollar is 241naira in the PARALLEL market. They simply don't understand these things. Naira still exchanges at its official rate of 197 to a dollar. People having problems are those making transactions in the parallel (black) market. These transactions are unaccounted for and thus cannot be monitored. The CAN has done well by almost shutting the black market thereby blocking leakages and plugging loopholes. This way we can fully monitor the progress of the Naira in the forex market.

GOD BLESS NIGERIA
GOD BLESS GMB

Rome wasn't built in a day.......steadily baba...we will surely get there....

thekingsmen:
lies

TANoid #2

Another big joke

Wailing Wailers, How market? U ain't seen nothing yet

Eehh

Pebcak:
baba go slow

First TANOID to coment

Like if you just so love this great man Buhari! The corrupt politicians who said Buhari is slow would now wish he was even slower.

Slow and steady wins the race!

Ok

Good news

Please Baba Go Slow And Steady. Patriotic Nigerians are fully on your side.

bobbiekrantz:
Another False and Useless Propaganda coming from the grunting liars!!!..(APC)

note:CBN as the source of info, pls can you provide counter figures and proof as well rather than go on a wild goose chase of name calling thanks God bless you.