
Nigeria’s External Reserves Drop by $1.16bn as Naira stands
Abuja, Nigeria — Nigeria’s external reserves declined by $1.16 billion in January, even as the naira continued its upward trajectory across both official and parallel markets. According to the latest figures from the Central Bank of Nigeria (CBN), the country’s external reserves fell from $40.883 billion at the start of the year to $39.723 billion…