January 17, 2016/Punch The stoppage of foreign exchange sale to Bureau De Change operators has failed to prevent massive decline of the nation’s foreign reserves, which dropped by $108m three days after the move by the Central Bank of Nigeria. The rate at which the reserves fell in the three […]
Tag: foreign reserve
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 […]
External reserves drop to $46bn
Barely three weeks after climbing to the $47bn mark, the nation’s external reserves have dropped to the $46bn threshold again, according to the latest data on the Central Bank of Nigeria’s website. The foreign reserves had dropped by $1.8bn within the space of three months, from the peak of $48.85bn […]
