Recent data from the Central Bank of Nigeria (CBN) revealed that a notable $621.2 million increase in the country’s foreign exchange (FX) reserves occurred within just 10 days, following the successful sale of a domestic dollar bond. Between September 2, when reserves stood at $36.24 billion, and September 12, when they reached $36.87 billion, the bond issuance played a crucial role in attracting foreign exchange inflows and boosting liquidity in the financial system.
Recent data from the Central Bank of Nigeria (CBN) revealed that a notable $621.2 million increase in the country’s foreign exchange (FX) reserves occurred within just 10 days, following the successful sale of a domestic dollar bond. Between September 2, when reserves stood at $36.24 billion, and September 12, when they reached $36.87 billion, the bond issuance played a crucial role in attracting foreign exchange inflows and boosting liquidity in the financial system.
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