- Nigeria’s foreign exchange reserves were $31.43 billion on Aug. 27, up 1.12 percent from $31.08 billion a month earlier, data from the central bank showed on Monday.
- The forex reserves of Africa’s top crude exporter were down 20.65 percent year-on-year from $39.61 billion a year ago.
- The decline from $31.63 billion on Aug. 14 reflects consistent dollar sales by the central bank to bureau de change operators to narrow the margin between the naira currency’s official and black market rates.
Nigeria’s External Reserves Jumps to $31.4billion (Still down 20 percent)
