Nigeria: Reserves rise by $2b, parallel market volatility persists

*Federal allocations hit system as rates fall 07 September 2015, Lagos – The nation’s foreign exchange reserves rose by $2 billion in the last three months, to $31.3 billion as at September 2. The uptick in external reserves, already attributed to the demand management measures of the Central Bank of Nigeria, CBN, by analysts, was […] More »