Nigeria’s external reserves have increased to $39.77 billion as of October 30, 2024. This is according to the Central Bank of Nigeria’s data on external reserve movement. The data showed that the country’s reserve grew to $39.77 billion in October from $38.35 billion recorded on September 30, 2024. The governor of CBN, Olayemi Cardoso, in his appearance at the National Assembly last month, attributed the increase in the country’s external reserves to improved diaspora remittance. “This is substantially higher than the prescribed international benchmark of 30 months, reflecting a robust buffer …