Nigeria’s external reserves down by $520m in five weeks

The apex bank’s data on movement in reserves show that the reserves which stood at $33.396bn as of October 31, 2023 fell to $33.004bn as of December 7, 2023.

The CBN had earlier noted that the reserves which commenced January 3, 2023, at $37.07bn fell to $33.237bn as of September 29, 2023.

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