Foreign Reserves Drop $840m In 13 Days Amid Steady Naira, Oil Price Boost

Nigeria’s foreign reserves dropped by $840 million over 13 straight days to $49.18 billion, even as the naira held relatively steady in a shortened trading week and crude oil prices firmed. Data from the Central Bank of Nigeria (CBN) showed the naira strengthened slightly by N3.09 to N1,380.79/$ on Thursday, the final session before Easter, […]

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