Nigeria’s external reserves rise to $52.52bn, says CBN gov

CBN Governor, Olayemi Cardoso

Governor of the Central Bank of Nigeria, Yemi Cardoso, says Nigeria’s foreign exchange reserves has presently risen to 52.52 billion dollars.

Cardoso said this on Tuesday in Abuja, while presenting a communique issued at the end of the 306th meeting of the apex bank’s Monetary Policy Committee (MPC).

The News Agency of Nigeria (NAN) reports that he had earlier announced the decision of the MPC to retain the Monetary Policy Rate (MPR) at 26.5 per cent.

The committee also retained the Standing Facilities Corridor around the MPR at +50/-450 basis points.