Nigeria's external reserves falls 2.8% to $23.948bn in October | Nigeria News Today. Your online Nigerian Newspaper

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Nigeria’s external reserves fell by 2.8% to US$23.948 billion as at October 27, 2016, compared with the US$24.615 billion it was as at September 27, 2016, as attacks of oil installations continues in the Niger Delta region.


The latest external reserves position released by the Central Bank of Nigeria (CBN) showed that the reserves derived mostly from the proceeds of crude oil sales fell by $667 million in the last month, as the country’s earnings continued to shrink.

In spite of the recent appreciation of crude oil price in the global market, quantity shock impacted negatively on allocation to the three tiers of government for the month of September was shared about a fortnight ago as the spate of attacks on oil installations and pipeline vandalism showed no sign of abating.

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  1. ... Courtesy of APC clueless ignorant wicked confused and incompetent change!
    APC wrepe chanji!
    Chanji dole!
    Sai Baba!
    Sai Tinubu!

    ReplyDelete
  2. Apc government is the worst in the history of Nigeria and Africa. In less than two years of taking over government they have reduced Nigeria to a country where hunger starvation hopelessness and suffering have taken over in a Cale and degree that has never been experienced before.
    ...Na APC change be that ooo!
    Chanji dole!
    Sai Baba!
    Sai Oyegun!
    Sai Oyegun!.
    Apseeeeeee! Werepe change!
    Nigeria sorryooooo!

    ReplyDelete
  3. Is this looked ng for in oil again ni,why is it going down every month?Is GEJ still in control ni ?abi bubu oil himself is not competent ni?Nawa o. Another story please.

    ReplyDelete

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