Nigeria’s foreign reserves have declined by $3 billion in under four months, slipping below $37.888 billion—the lowest level recorded in six months—as FX inflows weaken and the Central Bank of Nigeria (CBN) intensifies its market interventions. Data from the CBN reveal that the nation’s net foreign exchange position now stands at approximately $23 billion, representing … Continue reading Nigeria’s Foreign Reserves Fall By $3bn To 6-Month Low