{"id":35293,"date":"2021-01-18T20:29:45","date_gmt":"2021-01-18T20:29:45","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=35293"},"modified":"2021-01-18T16:52:08","modified_gmt":"2021-01-18T16:52:08","slug":"nigerias-external-reserve-rises-by-930m-to-36-30bn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn","title":{"rendered":"Nigeria\u2019s external reserve rises by $930m to $36.30bn"},"content":{"rendered":"

Africa-Press<\/a> – Nigeria<\/a>. <\/strong><\/span>Nigeria\u2019s foreign reserve has increased to $36.30 billion as of January 14, the latest figures by the Central Bank of Nigeria (CBN) have revealed.<\/p>\n

The new figures rose from about $35.37 billion recorded as of December 31, 2020.<\/p>\n

The rise may be attributed to the recent increase in prices of crude oil in the international market, which traded at $55 a barrel last week.<\/p>\n

According to the latest data, the rise shows a gain of $930 million in 10 days.<\/p>\n

A country\u2019s foreign reserve is cash and other reserve assets held by a central bank that is primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets.<\/p>\n

The rise recorded in the reserve will help for a stable naira across forex markets, thereby saving the Nigerian economy.<\/p>\n

On Friday, Naira remained stable against the\u202fdollar at the Investors and\u202fExporters (I&E) window, closing\u202fat N394.67\/$1.<\/p>\n

The reserve and the Nigerian 2020 budget suffered severe pressure since the crash in oil prices due to an array of crises, with the Federal government resorting to borrowing.<\/p>\n

Opinions<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Nigeria\u2019s foreign reserve has increased to $36.30 billion as of January 14, the latest figures by the Central Bank of Nigeria (CBN) have revealed. The new figures rose from about $35.37 billion recorded as of December 31, 2020. The rise may be attributed to the recent increase in prices of crude oil […]<\/p>\n","protected":false},"author":84,"featured_media":35292,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,2530,254,2531],"class_list":["post-35293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-crude-oil","tag-nigeria","tag-nigerias-external-reserve"],"yoast_head":"\nNigeria\u2019s external reserve rises by $930m to $36.30bn - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s foreign reserve has increased to $36.30 billion as of January 14, the latest figures by the Central Bank of Ni ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s external reserve rises by $930m to $36.30bn\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s foreign reserve has increased to $36.30 billion as of January 14, the latest figures by the Central Bank of Ni ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-18T20:29:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/01\/img-6005bc8f85158.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"387\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria\u2019s external reserve rises by $930m to $36.30bn\",\"datePublished\":\"2021-01-18T20:29:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn\"},\"wordCount\":195,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/01\/img-6005bc8f85158.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"crude oil\",\"Nigeria\",\"Nigeria\u2019s external reserve\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerias-external-reserve-rises-by-930m-to-36-30bn\",\"name\":\"Nigeria\u2019s external reserve rises by $930m to $36.30bn - 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