Nigeria's FX reserves hit 25-mth high of $38.62 bln

LAGOS (Reuters) - Nigeria's foreign exchange reserves rose to a more than 25-month high of $38.62 billion by August 29, and were 5.81 percent up on the previous month, driven by rising crude exports from Africa's top energy producer. Nigeria's crude oil production hit a record high of 2.7 million barrels per day (bpd) on August 1, the state-oil company NNPC said this month, boosting foreign ...
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Added August 31, 2012
from Yahoo Nigerian News