Nigeria’s foreign reserves falls to $34.5bn in Jan – CBN

*Crude remains unsold as buyers seek alternatives Oscarline Onwuemenyi 16 January 2015, Sweetcrude, Abuja - Nigeria’s foreign exchange reserves fell to $34.51 billion by Jan. 13, down 20.2 percent from $43.24 billion a year earlier, owing to drawdowns by the central bank to defend the local currency, the naira. Data from the central bank on […] More »