Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,155,544 members, 7,827,036 topics. Date: Tuesday, 14 May 2024 at 05:19 AM

Nigeria Dollar Reserve Falls To $ 24.59 Bn - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Dollar Reserve Falls To $ 24.59 Bn (333 Views)

Total Blackout As Power Generation Falls To 0 MW / By Doing This To Our Currency, It's Vallue We Equal To $ Over Night! / South Africa's Economy Falls To Third Behind Nigeria, Egypt (2) (3) (4)

(1) (Reply)

Nigeria Dollar Reserve Falls To $ 24.59 Bn by mamabomboy: 2:41pm On Sep 30, 2016
LAGOS, Sept 30 (Reuters) -
Nigeria's foreign exchange
reserves fell to $24.59
billion by Sept. 28, down 3.37
percent from the previous
month, latest central bank
data showed on Friday, as
the bank stepped up its
intervention to prop up the
ailing naira currency.
The reserves of Africa's
largest economy stood at $
25.45 billion last month. The
reserves had declined 19
percent from a year ago.
The central bank has been
selling the dollar to support
the currency, but the naira
hit a fresh all-time low of
490 per dollar on the black
market on Friday.
(Reporting by Oludare
Mayowa; Editing by Gareth
Jones)
www.kitco.com/news/2016-09-30/Nigeria-dollar-reserve-falls-to-24-59-bln-by-Sept-28.html
Re: Nigeria Dollar Reserve Falls To $ 24.59 Bn by mamabomboy: 2:48pm On Sep 30, 2016
Most of it was sourced for Buhari's designer shoes, Aisha's bags and purses, Zahra's expensive selfie lifestyle and jetting around the world. So it was dollars well spent

(1) (Reply)

One Word For This Guy / Is Buhari Just A Figure Head And not......??? / Top 6 Things President Buhari Will Do In Germany

(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. 5
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.