Business External Reserves Fall by $1.8bn- Business News

  • Thread starter Thread starter LequteMan
  • Start date Start date
L

LequteMan

Guest
The nation’s external reserves have fallen by $1.8bn within a period of eight weeks, according to the latest statistics from the Central Bank of Nigeria.

The CBN had said that depletion in the foreign reserves and Excess Crude Account was threatening the economy.

According to CBN statistics on Tuesday, the reserves fell from $44.5bn on December 3, 2013 to $42.7bn on February 3, 2013, depleting the reserves by $1.8bn in eight weeks.

More details here

Source: Business News


external reserve.jpg
 
Back
Top