New data Foreign Exchange Reserves (Nov)
11/29/2024
actual 40.24, previous 39.74
The event is the release of the Foreign Exchange Reserves data for Nigeria in November. The actual value reported is 40.24 billion NGN, which is an increase of 0.5 billion NGN from the previous value of 39.74 billion NGN. This event is categorized as having a low impact. Foreign Exchange Reserves are important as they indicate a country's ability to meet its international obligations and stabilize its currency. In this case, the increase in reserves could be seen as a positive sign for Nigeria's economic stability.This is not investment advice. Remember to verify the information provided here.
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