Nigerian foreign exchange reserves rose to a record high of $61.96 billion in mid-May from $60.81 billion at the end of April as world oil prices also hit record highs, the central bank said on Wednesday.
Nigeria, the second biggest economy in sub-Saharan Africa, has seen its foreign exchange reserves grow consistently since 2005 due to rising global oil prices.
The latest figure published on the bank's Web site did not state how many months of Nigerian imports the reserves could finance, but the banking regulator has said the March figure of $59.70 billion could support 38 months of import bills.
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