An expert told Legit.ng that this sum represents the percentage of deposits that banks must keep with the CBN, unable to earn ...

In the previous reporting week, the overall reserves rose by USD 4.529 billion to USD 658.8 billion, the RBI said.

For the week ended March 28, foreign currency assets, a major component of the reserves, increased by $6.158 billion to $565.014 billion, the RBI data released on Friday showed.