Latest data from Central Bank of Nigeria indicates that foreign exchange reserves rose to $30.69 billion in July, an increment of 5.6 percent from $29.03 billion in June.
However, the forex reserves were down by 20.9 percent from $38.8 billion a year ago.
The growth in reserves for the month was attributed to efforts of the present government to plug leakage and demand management by the apex bank.
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