NLNG Corporate Respect banner First bank FinTech summit Fidelity bank card banner Emerald Energy Institute Camano banner

Nigeria’s external reserves drop to only $24 billion

By News Express on 23/09/2016

Gmail icon

Views: 1,357

Nigeria’s external reserves declined to a record low of 24.8 billion dollars as at September 16, 2016, a report said yesterday.

The Channels TV report quoted the Central Bank of Nigeria (CBN) as explaining that the forex reserves shed 600 million dollars from 25.4 billion dollars recorded on August 31, 2016.

“This follows CBN’s frequent interventions at the inter bank official foreign exchange market in recent weeks, as severe dollar shortage continues to weigh on the economy,” the report said.

•Photo shows CBN Headquarters.

Source News Express

Posted 23/09/2016 05:35:01 AM





You may also like...
We didn’t abduct Melaye, only admitted him for...

IGP orders massive police deployment for Eid-Kabir as...

Hackers leak Kenyan foreign ministry confidential data

Anambra House stops diversion of state’s internally generated...


Why I burnt my girlfriend’s family — Killer...

Ibadan Electric gives reason for Osogbo blackout

INEC, party leaders meet Saturday on 2015 election...

Nigerian Army begins recruitment

We are working hard to correct lapses —Buhari...

Soyinka rejects Buhari, Atiku

3,048 die from road crashes in the first...


Latest News 39 found dead inside truck Court suspends recruitment of 10,000 Police constables Gunmen abduct Government House official, demand N50m ransom FEC directs minimum wage payment on or before December 31 Suspected kidnappers arrested for abduction, murder months after release from prison Ex-militants, others threaten to shut down NDDC Federal High Court Judge kidnapped, abductors demand huge ransom Suspected Kaduna gunrunner falls into army’s net SHOCKER: ‘50m Nigerians suffer from mental disorder’ Sex for grade: Varsity descends on randy lecturer Atiku’s son, 22 others among Adamawa commissioner nominees We’re not under FG’s pressure to relocate to Lagos, Kaduna — Innoson Motors


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (553,034 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (448,159 views) Shameless Genevieve Nnaji exposes breasts in public (396,030 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (331,339 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (299,746 views) 10 cars more expensive than Jets (267,115 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (256,507 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (253,926 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (235,476 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (221,663 views) Lagos plane crash: Journalist releases victims’ names (199,009 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (196,154 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (105) Business & Economy (4,510) Business Verdict (85) Columnists (1,132) Complaints & Requests (97) Enterprise & Opportunities (218) Entertainment (693) Features (838) Global Business Monitor (476) ICT Monitor (66) International (4,109) Interview (205) Live Commentary (30) Love Matters (174) Maggie's Blog (456) News (53,014) Opinion (1,402) Pidgin (17) Politics (11,598) Religion (1,112) Sports (2,198) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera