Nigeria’s external reserves rose to $40.53bn in 2021

Figures obtained from the Central Bank of Nigeria revealed that Nigeria’s external reserve rose to $40.53bn as at the December 30, 2021.

The CBN data showed that the external reserves, which fluctuated during the period under review, received boosts from Eurobond inflow and Special Drawing Right (SDR).

The Special Drawing Right (SDR) is an international reserve asset created by the IMF to supplement the official reserves of its member countries.

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