Nigeria Foreign Exchange Reserves
In Nigeria the assets that the country's central bank owns or controls are referred to as the Foreign Exchange Reserves. As a reserve asset, gold or a particular currency is utilized. Treasury bills, government bonds, corporate bonds, and shares, as well as foreign currency loans, can be special drawing rights and marketable securities denominated in foreign currencies.
A higher than expected figure should be seen as positive (bullish) for the NGN while a lower than expected figure should be seen as negative (bearish) for the NGN.
Source:
Central Bank of Nigeria
Category:
Foreign Exchange Reserves
Units:
Billion
Latest Release
Previous:
$40.87B
Consensus:
$42B
Actual:
$39.77B
Next Release
Date:
Feb 28, 09:00
Time left:
5 days
Consensus:
$40B
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