Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,037 members, 7,818,066 topics. Date: Sunday, 05 May 2024 at 06:40 AM

External Reserves Drop By $1bn In 13 Days - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / External Reserves Drop By $1bn In 13 Days (230 Views)

Nigeria’s FX Reserves Drop To $32bn — Lowest Level In Six Years / External Reserves Drop By $610m In November As CBN Battles To Save Naira / Nigeria's External Reserves Drop By $1bn In 13 Days (2) (3) (4)

(1)

External Reserves Drop By $1bn In 13 Days by comos: 8:15am On Oct 18, 2018
The nation’s foreign exchange reserves have dropped to a seven-month low, losing $1.02bn in the 13 days to Monday, latest data from the Central Bank of Nigeria showed on Wednesday.

The external reserves, which stood at $44.30bn on September 28, fell from $44.02bn on October 2 to $43bn on October 15.

As of March 5, the reserves stood at $43.12bn, up from $42.75bn on March 2, according to the CBN data.

Last week, the International Monetary Fund said Nigeria needed to be cautious about the use of its foreign exchange reserves, saying oil prices could decline at any time.

source:punch
Re: External Reserves Drop By $1bn In 13 Days by Mynd44: 8:22am On Oct 18, 2018

(1)

Buhari Bars FRCN From Holding Scheduled Interview With Sowore. / Retooling Electoral Amendment Act And National Interest / Trans-ramos Oil Spill: 27 Communities Demand Cancellation Of JIV Report

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.