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DAILY BUSINESS NEWS BRIEF – External reserves drop further, lose $99m

31
May

 

IMF not worried about Nigeria’s debt, says Adeosun

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FG Pledges Enabling Policies for SMEs to Thrive

NSE suspends trading on PCMN

Oil’s Rally to 3-Year High Choked by Fear of OPEC Output Revival

External reserves drop further, lose $99m
The nation’s foreign exchange reserves have declined further, losing $99m to close at $47.65bn on Monday, latest data from the Central Bank of Nigeria showed on Wednesday.Industry analysts have attributed the recent decline in the external reserves to the exit of foreign portfolio investors.The reserves, which fell further to $47.784bn on May 16, rose to $47.799bn on May 18, but dropped to $47.754bn on May 21, the latest CBN data showed.Read More…]

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