National Wire About Nigerians, Nigerian Business and Other Stories
External Reserves Drop Further, Lose $99m
The nation’s foreign exchange reserves have declined further, losing $99m to close at $47.65bn on Monday, latest data from the Central Bank of Nigeria showed on Wednesday. Industry analysts have attributed the recent decline in the external reserves to the exit of foreign portfolio investors. It will be recall that on May 17 that the external reserves slipped to $47.793bn on …
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