By InvestAdvocate

Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said ON Monday that Nigeria’s foreign reserves dropped to $30.04 billion as at November 26, 2015.

The apex bank in its official website disclosed that the figure dropped by $7.0 million from $30.11 billion recorded same period of last month.

According to the CBN, the $30.04 billion represented the ‘gross’ amount, $29.33 billion was ‘liquid’, while $719.32 million was ‘blocked.’

The CBN says the continuous pressure on the foreign exchange market is due to the rise in the internal demand for dollars.

Also, it said the price of crude oil at the international market stood at $44.27  per barrel as at November 30, 2015.