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

The apex bank said the increase in gross reserves is driven largely by crude oil-related tax receipts and third-party inflows into the economy.

CBN Governor Yemi Cardoso announces Nigeria's external reserves have risen to $52.52bn, sufficient for 11 months of imports.

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

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent.