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This Chart Shows How Quickly Nigeria’s External Reserve Has Depleted Over The Last 12 Months


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  The Nigerian external reserves has witnessed a massive decline over the last 12 months. Back in April 2013 it was at a year high of about $48billion compared to $40.6billion recorded in January 2014. This is mostly as a result of the Forex sales by the CBN as it continues to defend the Naira from […]

This Chart Shows How Quickly Nigeria’s External Reserve Has Depleted Over The Last 12 Months

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The Nigerian external reserves has witnessed a massive decline over the last 12 months. Back in April 2013 it was at a year high of about $48billion compared to $40.6billion recorded in January 2014. This is mostly as a result of the Forex sales by the CBN as it continues to defend the Naira from massive depreciation against the dollar.





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