Nigeria’s Dollar Reserves Drop To $24.59b

September 30, 2016

naira-dollar

By Modupe Gbadeyanka

Report released by the Central Bank of Nigeria (CBN) says Nigeria’s foreign exchange reserves fell to $24.59 billion as at September 28, 2016.

This showed a 3.37 percent slump from the previous month.

The CBN, which released this figure on Friday, September 30, 2016, noted that it was stepping up its intervention to boost the free-falling Naira.

In August 2016, Nigeria’s reserves remained at $25.45 billion.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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