Nigeria’s FX reserves drop to $32b, lowest in 6 years
Nigeria’s foreign reserves fell to $32.29 billion on 15 April, the lowest in over six years. According to the latest data from the Central Bank of Nigeria (CBN), the reserves moved from $34.44 billion, the highest level in 2024, to $32.2 billion on 15 April. The foreign reserves dropped by $2.15 billion or 6.26 per cent. This brings to an …