Foreign reserves fall to $29bn by June 26

BusinessDay
0 Min Read

Nigeria’s foreign exchange reserves fell to $29.02 billion by June 26, down 2.1 percent from a month ago, data from the central bank showed on Tuesday.

The reserves stood at $29.64 billion as at May 26.

Foreign exchange reserves in Africa’s biggest economy have declined 22.1 percent year-on-year from $37.26 billion.

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