With the needed funds being injected into foreign financial dominated reserves by Apex bank, Nigeria’s foreign reserve has recorded a progressive growth.

Nigeria’s foreign exchange reserves now stand at $36.57 billion, having risen sharply from $33.42 billion as of April 29, 2020. This shows a gain of $3.15 billion in 33 days, GNB News learnt.

This Online Media platform also understands that the macro fundamentals surrounding Nigeria’s major export, including the recent jump in crude oil prices to about $40, seem to have helped Nigeria’s foreign reserve to rise at a steady pace.

The development also confirms the word of the governor of the central bank of Nigeria, Mr. Godwin Emefiele, on improving Nigerians local currency and building the foreign financial dominated reserves.