Nigerian foreign reserves stood at $32.99 billion at December 2, its lowest since November 9, as the Central Bank of Nigeria (CBN) struggles to sustain stability in the domestic foreign exchange market, the apex bank’s data showed yesterday.

The naira also eased against the U.S dollar yesterday to its weakest in nine weeks as robust demand for the greenback from some end-users stocking up for Christmas sales and those excluded from the official window overstretched supply.
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