On October 20, the reserves increased to $40.76 billion, up from $36.78 billion at the end of September. The reserves increased by $2.76 billion in September from $34.02 billion at the end of August, continuing their upward trend. According to Mike Obadan, a professor of economics and Chairman of Goldmark Education Academy in Benin City, Nigeria’s currency is decided by the economy’s strength in terms of production capacity and productivity, structure, and diversification of the export production base. Obadan, who is a former director-general, National Centre for Economic Management and Admini…

Read More