Nigerian FX reserves up 1.12 pct to $31.43 bln by Aug 27 -central bank data

 Nigeria's foreign exchange reserves were $31.43 billion on Aug. 27, up 1.12 percent from $31.08 billion a month earlier, data from the central bank showed on Monday.

The forex reserves of Africa's top crude exporter were down 20.65 percent year-on-year from $39.61 billion a year ago.


The decline from $31.63 billion on Aug. 14 reflects consistent dollar sales by the central bank to bureau de change operators to narrow the margin between the naira currency's official and black market rates. (Reporting by Oludare Mayowa; Editing by Catherine Evans)

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