Figures obtained from the Central Bank of Nigeria revealed that Nigeria’s external reserves as at Thursday July 7, 2022 stood at $39.34 billion. This represents 0.44% growth ($171 million) from $39.174 billion recorded on July 1, 2022. That is about $171 million gain in 6 days.

The reserves hit a low of $38.42bn in the month of June.

Year to date, Nigeria’s external reserve fell by 2.9% from $40.52 billion record in January 13, 2022 to $39.34 billion recorded in July 7, 2022.