Tag: Reserve Drops

Nigeria’s Foreign Continue to Depreciate In The Face of Economic Recession, Reserve Drops To $25.209bn

Nigeria’s foreign continue to depreciate in the face of economic recession, low capacity oil production and dwindling revenue profile. As at August 17, 2016, the reserve stood at $25.209bn from about $30.837bn recorded on August 13, 2015. It represented about $5.628bn reflected in a year period, CBN data showed as[Read More…]