$2.1bn Reserve Depletion: CBN Sold Only $581m To Market — Report
Nigeria’s external reserves shed $2.16 billion in the past month, falling to a seven-year low of $32.29 billion on April 15, 2024, from $34.45 billion on March 18, 2024, according to CBN data. A recent Bloomberg report suggested that Nigeria is burning through its foreign exchange reserves at a rate not seen in four years, […]