External Reserves Drop By $1bn In 13 Days - Politics - Nairaland
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| External Reserves Drop By $1bn In 13 Days by comos: 8:15am On Oct 18, 2018 |
The nation’s foreign exchange reserves have dropped to a seven-month low, losing $1.02bn in the 13 days to Monday, latest data from the Central Bank of Nigeria showed on Wednesday. The external reserves, which stood at $44.30bn on September 28, fell from $44.02bn on October 2 to $43bn on October 15. As of March 5, the reserves stood at $43.12bn, up from $42.75bn on March 2, according to the CBN data. Last week, the International Monetary Fund said Nigeria needed to be cautious about the use of its foreign exchange reserves, saying oil prices could decline at any time. source:punch |
| Re: External Reserves Drop By $1bn In 13 Days by Mynd44: 8:22am On Oct 18, 2018 |
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