Nigeria’s Dollar Reserves Drop To $24.59b
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.