Nigeria’s external reserves dipped marginally to $26.34 billion by June 28, down 0.30 percent from May, Central Bank of Nigeria, CBN data revealed on Thursday, June 30.
The nation’s Dollar reserves of stood at $26.42 billion last month, down 9.2 percent from a year ago, following the volatility in the forex market.
The Apex bank lifted 16-month-old currency controls last week and auctioned $4 billion in the spot and futures market to clear a backlog of dollar demand, to help boost interbank market trading, Reuters reports.
