Fri Oct 30, 2015/Reuters

Nigeria’s foreign exchange reserves fell to $30.13 billion by Oct. 27, down 0.84 percent from a month ago, central bank data showed on Friday.

Foreign reserves of Africa’s top crude exporter were down 22.43 percent year-on-year from $38.86 billion a year ago, the data showed.

The fall in reserve reflects the sale of dollars by the central bank to defend the naira currency which has been hit by the plunge in oil prices.