Thursday, 30 April 2015

Nigeria's forex reserves fall 1 pct to $29.5 bln by end-April

 
Nigerian forex reserves fell 1 percent month-on-month to $29.5 billion by April 28, from $29.8 billion a month earlier.

The Central Bank of Nigeria announced this yesterday in Abuja.


The country's external reserves were down 22.6 percent year-on-year when they stood at $38.14 billion.

The CBN has used its forex reserves to support the local currency in the wake of falling global oil prices.
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