Nigeria’s foreign reserves stood at $38.483bn by May 31, 2022, declining by five percent from $40.521bn reported by the end of December 2021, according to the Central Bank of Nigeria’s (CBN) website. On the other hand, South Africa, Africa’s second-largest economy after Nigeria, grew its foreign reserves to $60.28bn by the end of April 2022 … Continue reading Nigeria’s Reserves Falls To $39.5bn As South Africa’s Rises To $60.3bn