Nigeria forex reserves drops by 1.4 percent

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500 and 1000 naira bills (Nigerian currency)Nigeria’s foreign exchange reserves declined 1.4 percent month-on-month to $45.14 billion by Oct. 24, but were up 6.7 percent from the same period last year, central bank data showed on Thursday.

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The foreign exchange reserves of Africa’s top crude exporter and second biggest economy stood at $45.78 billion a month earlier.

The reserves were higher than the $42.31 billion a year ago.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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