Nigeria’s external reserves have declined to a record low of 24.8 billion dollars.
This is as at September 16, 2016.
The Central Bank of Nigeria explains that the forex reserves shed 600 million dollars from 25.4 billion dollars recorded on August 31, 2016.
This follows CBN’s frequent interventions at the inter bank official foreign exchange market in recent weeks, as severe dollar shortage continues to weigh on the economy.
