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Wednesday, 30 November 2016

Nigeria's forex reserves rise for first time in 15 months

Nigeria's official foreign exchange reserves stood at $24.69 bln on Nov. 28, central bank data showed on Wednesday, the first monthly rise in 15 months.
That left the reserves up 3.1 percent on the previous month. A year earlier reserves stood at $30 billion.
The Central Bank of Nigeria gave no reason for the rise. 

However, global oil prices recovered slightly during the period as OPEC members tried to strike oil output deal.
(C) Reuters News

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