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

HomeNewsNigeria’s forex reserves fall slightly to $26.34 bln by June 28 – Reuters
  • dollar to naira
30
Jun
Nigeria’s forex reserves fall slightly to $26.34 bln by June 28 – Reuters
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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)

 

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