LAGOS Feb 6 Nigeria's foreign exchange reserves
rose 1.43 percent to $28.28 billion in the week to Feb. 2,
climbing to their highest level in a year, central bank data
showed on Monday.
Nigeria's dollar reserves have gained 8.39 percent so far
this year but are far off a peak of $64 billion hit August 2008.
The central bank did not provide any reason for the recent
rise, which may be attributed to the rise in global oil prices.
The naira currency has been weakening on the black market,
opening at 500 per dollar on Monday as the central bank
continues to ration dollar supply on the official market
with demand rising.
(Reporting by Oludare Mayowa; Writing by Chijioke Ohuocha;
Editing by Louise Ireland)