- Nigeria’s foreign reserves is starting 2023 at one of its lowest level in the last five years
- CBN needs the reserves to be able to withstand dollar demand pressure by importers, students among others
- Naira in 2022 dropped more than 23 percent of its value and it could continue in 2023
The Central Bank of Nigeria’s external reserves as of Thursday, January 4, 2022, stood at $37.1 billion.
This is according to checks on CBN foreign reserves data on its website.
