CBN disclosed that external reserve dropped to $30.222 billion on Tuesday June 13th, representing a weekly decline of $68 million when compared with the $30.290 billion achieved the previous Tuesday of June 6th.
Browsing: External reserve
Analysis showed that the reserve rose steadily by $7.06 billion from $23.93 billion on October 24 last year to $30.99 billion on May 4 when it commenced its steady decline. The reserve grew by $819 million in November, $1.07 billion in December, $2.33 billion in January and by $1.47 billion in February. The reserve, however, dropped by $645 million in March, while it also grew by $573 million in April.
01 October 2016, Lagos – Nigeria’s foreign exchange reserves fell to $24.59bn by September 28, down 3.37 per cent from the…
08 December 2015, Lagos – Sustained shortages of US Dollar has forced Nigeria’s external reserves into a massive decline hitting…