Nigeria’s forex reserves fall slightly to $26.34 bln by June 28 – Reuters

dollar to naira

LAGOS, June 30 (Reuters) – Nigeria’s forex reserves fell marginally to $26.34 billion by June 28, down 0.30 percent from a month ago, central bank data showed on Thursday.

Dollar reserves of Africa’s biggest economy stood at $26.42 billion last month, down 9.2 percent from a year ago.

The central bank lifted 16=month-old currency controls last week and auctioned $4 billion in the spot and futures market to clear a backlog of dollar demand, to help boost interbank market trading. (Reporting by Oludare Mayowa; Editing by Chijioke Ohuocha)