NIGERIA?S foreign reserves rose to around $10bn last month, says acting junior finance minister Martins Jibril-Kuye. Reserves rose in December because of high oil sale revenues which were channelled into the reserves account. The Central Bank of Nigeria, which has yet to confirm the figures, said earlier this month that foreign reserves fell by a marginal two million dollars in November to just over $8.78bn. The reserves have been slowly recovering in the past 20 months under President Olusegun Obasanjo after falling to a low of under four billion dollars in the last days of military rule, which ended in 1999.