Nigeria’s forex reserves extend decline, fall below $35bn
Nigeria’s foreign exchange reserves have dropped below the $35 billion mark, according to the latest data obtained by Markets Reporters
Nigeria’s foreign exchange reserves have dropped below the $35 billion mark, according to the latest data obtained by Markets Reporters from the Central Bank of Nigeria.
The reserves, which have been on a downward trajectory in recent days, fell to $34.97 billion on Tuesday from $35.25 billion on April 16, the CBN data showed.
The country’s forex reserves have been fluctuating in recent months, rising from a low of $34.42bn on March 18 to $35.25bn on April 16. The reserves dropped to $35.09bn on April 23, according to the Central Bank of Nigeria.
Our standardsReported and edited by the Markets Reporters newsroom. How we workUse of AISummaries, audio and Ask MR answers are generated from our reporting and labelled. Reporting and writing are human.CorrectionsSpotted an error? Tell us — we correct and note it.
Free newsletter
