Nigeria’s external reserves fell by $915 million following the Central Bank of Nigeria’s formal floating of the naira and liberalization of the foreign currency market. According to CBN statistics released on Sunday, reserves declined from $34.66 billion on June 14, 2023, when the naira was floated, to $33.74 billion on August 24, 2023. On June … Continue reading External Reserves Drops By $915m After Naira Floating