30 September, 2015

Nigeria’s foreign reserves crash by $1billion


The Central Bank of Nigeria has revealed in its data for the month of September that there has been a fall in Nigeria’s foreign reserves.



Foreign exchange reserves fell by 3.14 per cent to $30.48 billion by September 23 from $31.47 billion a month ago, central bank data showed on Wednesday.

The reserves of Africa’s top oil producer is now down 23.03 per cent from a year ago.

In August, the CBN indicated that foreign exchange reserves rose by $350 million to 31.43 billion. The reserves increase crossed $30 billion in July, rising by 5.6 per cent from 29.03 billion in June to N30.69 billion.
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3 comments:

  1. UnknownSeptember 30, 2015 at 3:29 PM

    Bad news....


    #GodlessNigeria

    ReplyDelete
  2. ChiefoSeptember 30, 2015 at 8:10 PM

    Hmmmmmmm,empty treasury is going down d lane.why is Jonathan still in charge of our treasury?still laughing sa.

    ReplyDelete
    Replies
    1. AnonymousOctober 1, 2015 at 11:12 AM

      It's either you don't understand this article or you didn't even border to read it before making a comment

      Delete

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