Nigeria: External reserves hit 11-year low of $24.21bn

16 October 2016, Abuja – The country’s external reserves have hit an 11-year low of $24.21bn, according to the latest data from the Central Bank of Nigeria, CBN. The development means a limited amount of dollars will be available at the official interbank spot market, fuelling concerns over another round of depreciation of the naira. The […] More »