Nigeria's FX reserves rise to $29.6 bln by May 27

A bureau de change operator counts U.S. currency notes in Abuja, March 12, 2015. REUTERS/Afolabi Sotunde·Reuters· (Reuters)

LAGOS (Reuters) - Nigeria's foreign exchange reserves rose to $29.61 billion by May 27, up by 0.3 percent from a month ago, data from the central bank showed on Thursday. However, reserves of Africa's biggest economy and top crude exporter fell 20.3 percent year-on-year from $37.14 billion.

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