Naira gains across markets as FX reserves drop by 1.44%

Naira Notes

Nigeria’s external reserves have declined by 1.44 percent to $34.90 billion as of December 21, 2020 from $35.41 billion in November 27, 2020. The downward trend was as a result of increased dollar sales by the Central Bank of Nigeria (CBN), coupled with depressed FX earnings from oil and non-oil receipts, according to analysts at…

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