National Wire About Nigerians, Nigerian Business and Other Stories
Capital Outflows Force Nigeria’s External Reserves Down to $41.995bn
Nigeria’s external reserves fell to $41.995 billion at the end of October, representing a decline by $5.793 billion or 12.12 per cent, compared with the $47.788 billion it was as at the end of June, 2018, data compiled from the Central Bank of Nigeria’s (CBN) website has shown. The development was largely attributed to interest rate normalisation in some advanced …
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