Lagos - The Central Bank of Nigeria (CBN) recent provisional data showed that Nigeria’s external reserves fell to 40.689 billion from the $43.505 billion it stood at the beginning of this year.
The drop in the nation’s reserves represents a decline of about by $2.816 billion or 6.8 per cent, reports ThisDay
The reserves, which peaked at over $48bn in May last year, started falling and stood at $43.5bn in January.
Read more at ThisDay
For the latest on
national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.