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Nigeria’s external reserves have increased by 0.39 per cent or $0.13 billion, in 2024, following the inflow of $2.25 billion from the African Import-Export Bank, Afreximbank. Data from the Central Bank of Nigeria, CBN, showed that foreign currency reserves rose to $33.042 billion as of January 3, 2024, compared to $32.912 billion recorded last Friday. The development came after Nigeria received part of the $3.3 billion Afreximbank loan, which has helped boost reserves. Muda Yusuf, chief executive officer of the Centre for the Promotion of Private Enterprise, CPPE, had predicted that the Afrexi…

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