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External reserve falls to $30.5bn as Naira appreciates to N376/$ | InfoWARE Finance

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  • External reserve falls to $30.5bn as Naira appreciates to N376/$ | InfoWARE Finance
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External reserve falls to $30.5bn as Naira appreciates to N376/$
(Source: Vangard, Date: 26-May-2017)

 

The nation’s external reserves continued its downward slide for the 20th day as it fell to $30.52 billion Thursday. However, the Naira yesterday appreciated by N3 against the dollar to N376 per dollar in the parallel market. Data posted by the Central Bank of Nigeria (CBN) on its website yesterday showed that the external reserve fell to $30.52 billion yesterday from $30.7 as at last week Thursday. This implies week-on-week decline of $180 million… Read More...

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