By Dipo Olowookere

The amount left in Nigeria’s external reserves has continued to rise and at the moment, the Africa’s largest economy has about $33.6 billion in its reserves, Business Post has learnt.

Data obtained by Business Post on the website of the Central Bank of Nigeria (CBN) showed that the $33.6 billion is what the country has left in its foreign reserves as at Tuesday, October 24, 2017.

The amount increased from $33.55 billion on Monday, October 23, 2017 to $33.58 billion the next day, according to the apex bank.

The latest figure is the highest in nearly three years.

In recent times, the external reserves of the West Africa’s biggest economy have been on a steady rise.

According to data obtained by Business Post from Trading Economics, Nigeria’s reserves closed at $34.2 billion in December 2014 and then $32.4 billion in January 2015.

In May 2015, the reserves closed at $29.6 billion and then slumped to $29 billion the next month.

However, it rose jumped to $31.5 billion in July 2015 before receeding to $31.2 billion in August and then $30.3 billion in September.

In October, the reserves fell to $29 billion and closed in December at $29.1 billion.

In January 2016, the foreign reserves dropped to $28.2 billion and $26.4 billion in June.

By August 2016, only $24.6 billion was left in the reserves and $23.9 billion in October 2016.

However, since then, the reserves have been on a steady rise, growing to $30.8 billion in April this year, but depreciated to $30.3 billion in June 2017.

The reserves went up the next month to $30.7 billion and have not looked back since, growing to $33.6 billion as at October 24, 2017.

www.businesspost.ng/2017/10/26/nigerias-external-reserves-near-3-year-high-now-33-6b/

According to data obtained by Business Post from Trading Economics, Nigeria’s reserves closed at $34.2 billion in December 2014 and then $32.4 billion in January 2015.

Jonathan actually left a good and reasonable amount in the reserve after all

Godbless our hero

3year high is still within Buhari's tenure

Pleasr take this meaninless piece of news out of here

FarahAideed:
Pleasr take this meaninless peace of news out of here

E pain am

NigerDeltan:
3year high is still within Buhari's tenure

Baba is God sent

Sai Baba

Buhari is saving it for his re-election in 2019.

sarrki:


Baba is God sent

Which God do you serve?
Which God would send an inept godforsaken, half baked leader to rule his children?

There's a reason the living God stopped Buhari on 3 occasions from winning the presidency

sarrki:


Baba is God sent

OK oo

Baba just finished secret meeting with maina

sarrki:


Baba is God sent

OK oo

Baba in secret meeting with maina

sarrki:


Baba is God sent

Buhari was sent by Satan and Satan alone

I know Buhari will make us proud.

I believe in my president

Kundagarten:


Which God do you serve?
Which God would send an inept godforsaken, half baked leader to rule his children?

There's a reason the living God stopped Buhari on 3 occasions from winning the presidency

For they shall know the truth

Only the truth can set wailers Free

veraponpo:


I know Buhari will make us proud.

I believe in my president

You are a patriot

veraponpo:


I know Buhari will make us proud.

I believe in my president

Pity your parents because i KNOW you still live with them..no man that pays his own bills will say what you just said

A market woman at Ketu, a shoe maker at Ariaria don't understand "external reserve". Just let governance have meaning to ordinary people. That's all!

NigerDeltan:


Jonathan actually left a good and reasonable amount in the reserve after all

Godbless our hero

3year high is still within Buhari's tenure

Someone should please give this man a calculator