Nigeria’s foreign reserve plunges to $42.8bn

Nigeria's foreign reserve plunges to $42.8bn

Nigeria’s foreign reserve has declined to $42.86 billion, the lowest in two months, data obtained from the Central Bank of Nigeria, CBN, showed on Sunday.

The nation’s reserve stood at $43.17 billion on January 31 but dropped by $314 million in two weeks to$42.86 billion on February 14.

Read also: Capital importation to Nigeria declines 25.05% in Q4 2018

The external reserves had risen to a high of $47.865bn on May 10, 2018, but plunged to $41.523bn on November 22. It, however, stood at $42.8777 billion on December 13.

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