Nigeria’s foreign reserves drop sharply by $1.3bn in one month

Nigeria’s foreign exchange buffers have come under renewed pressure as the nation’s gross external reserves plummeted by $1.3 billion within a single 30-day window. This rapid drawdown comes at a critical juncture for the Central Bank of Nigeria, which has been aggressively deploying its reserves to defend the Naira and improve market liquidity. Nigeria’s gross […]