External reserves drop to 11-year low of $28.1bn

The nation’s external reserves fell to $28.1bn on January 28, the lowest level since 2005, data from the Central Bank of Nigeria showed on Friday. The foreign exchange reserves had stood at $29.13bn a month ago, the data showed. On December 31, 2015, the reserves closed at $29.070bn, reflecting a decline of 15.79 per cent […]

External reserves drop to 11-year low of $28.1bn

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