External reserves sink below $40bn
CBN (Central Bank of Nigeria), Headlines Thursday, November 28th, 2019
‘Femi Asu
The nation’s foreign exchange reserves have slumped below the $40bn mark, hitting their lowest level in 22 months, latest report from the Central Bank of Nigeria has shown.
The external reserves, which have been on a downward trajectory in recent times, dipped by over $5bn in the last five months.
The reserves rose to a high of $45.18bn on June 10, 2019 but fell to $44.9bn on July 31 and $43.61bn on August 30.
-Punch
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on Nov 28 2019. Filed under CBN (Central Bank of Nigeria), Headlines.
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