Naira closes with 0.21% loss to dollar as external reserves drop

Naira closes with 0.21% loss to dollar as external reserves drop


Naira closes with 0.21% loss to dollar as external reserves drop

Nigeria’s gross official reserves declined by $276.26 million to $35.41 billion in November 2020, from $35.69 billion in October 2020. The external reserves, which give the CBN the financial muscle to defend the naira, have continued to decline as result of a sharp drop in oil prices, and FX revenue, occasioned by Covid-19. Since the…

This content is for

  • Standard Bi-Annual, Premium Bi-Annual, Standard Yearly, Premium Yearly, Staff, Premium Bi-Annual USD, Premium Yearly USD, Standard Monthly, Student Yearly, and TEST paystack

members only. Visit the site and log in/register to read.



Source link

Leave a Reply

Close Menu