Why Nigeria’s external reserves continue to decline
Nigeria’s gross external reserves have continued to decline, dropping by $1.1 billion to $38.5bn in May 2022, data from the Central Bank of Nigeria (CBN) indicated. The latest decline according to a new report by FBNQuest is the largest since February 2021 and follows a modest accretion of about $33m in April. “To put the read more Why Nigeria’s external reserves continue to decline
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