Thursday, July 29, 2021

Nigeria’s external reserve drops by $180m in two weeks



The Central Bank of Nigeria says the country’s external reserves lost $180m in two weeks.

According to the apex bank’s figures, the reserves which stood at $33.28bn on July 1, dropped to $33.09bn as of July 12 before gaining slightly to rise to $33.1bn on July 15.

The reserves lost $905.5m in June, after it fell to $33.32bn at the end of June 30 from $34.23bn on May 31.

The reserves stood at $34.88bn at the end of April 30, according to the CBN.