April 30, 2018 / 3:13 PM / 3 months ago

Nigeria's forex buffer up 2.9 pct from month ago to $47.4 bln on April 25 -cenbank data

LAGOS, April 30 (Reuters) - Nigeria’s foreign exchange reserves rose 2.9 percent from a month ago to a five year high of $47.36 billion as of April 25, central bank data showed on Monday.

Nigeria’s forex buffer stood at $30.76 billion, up 54 percent from a year ago, but is still far off a peak of $64 billion hit in August 2008. (Reporting by Chijioke Ohuocha Editing by Peter Graff)

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