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.