Forex turnover dropped from $90.88 million on Wednesday, June 24, 2020, to $14.68 million on Thursday, June 25, 2020, representing a decline of 83.8%
It should be noted that Nigeria’s external reserves went on a downward slide last year, having lost $11.75 billion within a space of 10 months.
Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
Analysts have predicted the foreign reserves to fall below $30 billion if some measures are not taken.
Nigeria's external reserves have rallied and hit $45bn mark in May 2019, which represents 8months high. This is revealed in data obtained on the Central Bank...
Nigeria's External Reserve was $43,084,864,561 as at December 20th, 2018.
the external reserves currently stands at $42.92 billion as at Tuesday, October 16,
The reserves, which stood at $47.79 billion as at July 5, dropped to $45.23 billion as at September 13.
Nigeria’s external reserves suffered a major drop during the week as CBN data reveals the country’s external reserve position was $46.8 billion as at August 6th,...
Foreign exchange reserves in Nigeria increased from $47,492,639,432 at the end of April 2018 to stand at $47,622,706,934 on May 30, 2018. It has been increasing...