The dwindling external reserves, which is currently at $43.2bn, has been putting speculative pressure on the naira, latest economic bulletin from the Lagos-based research and financial advisory firm, Financial Derivatives Company Limited, has shown. The development, according to the firm, may make the Central Bank of Nigeria’s Monetary Policy Committee […]
Tag: External Reserve
External reserves closed 2013 at $43.6bn
The external reserves on Tuesday closed 2013 at $43.6bn, approximately $500m below the $44.1bn recorded on December 28, 2012. According to the latest figure on the Central Bank of Nigeria website, the reserves dropped to $43.6bn on December 30, 2013. The $43.6bn also shows that the reserves fell by about […]
External reserves fall by $3bn, hit one-year low
The nation’s external reserves have dropped to a record one-year low of $44.1bn, according to the latest data from the Central Bank of Nigeria. The statistics also indicated that the reserves had fallen by $3bn between August 14 and December 17. It was on December 28, 2012 that the reserves […]
