By Michael Nwadike Nigeria foreign reserves hit $40.72 billion on August 13, 2015. The increase in reserves was driven largely by rising forex inflows and marginal increase in crude oil output. According to the latest figures published on the Central Bank of Nigeria (CBN) website, the gross reserves moving average stood at $39.3 billion on […] The post Reforms: How FX inflows, price stability keep reserves above $40.7b mark appeared first on The Sun Nigeria.