Nigeria: External reserves fall by $4bn in one year

Nigeria: External reserves fall by $4bn in one year
29 December 2016, Lagos –  Despite the staggering crash in the value of the naira against the United States dollar and other major foreign currencies in 2016, the Central Bank of Nigeria spent $4bn from the nation’s external reserves to defend the local currency in 12 months, statistics obtained from the CBN website on Tuesday […] More »
Nigeria: External reserves fall by $4bn in one year Nigeria: External reserves fall by $4bn in one year Reviewed by Crude Oil Facilitators on 17:21 Rating: 5

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