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Nigeria’s Forex Reserves Down By 9 Pct

Nigeria’s foreign exchange reserves fell 9.04 percent to $30.87 billion by March 4, from $33.94 billion a month earlier, data from the Central Bank of … Continue reading Nigeria’s Forex Reserves Down By 9 Pct


CBN Plans $100m Sale At Special Auction
US dollar notes.

Foreign reservesNigeria’s foreign exchange reserves fell 9.04 percent to $30.87 billion by March 4, from $33.94 billion a month earlier, data from the Central Bank of Nigeria (CBN) showed on Friday.

The CBN has used the reserves to support the ailing naira, which has been hammered by falling global oil prices and uncertainty over the delayed presidential elections due on March 28.