External Reserves Fell By $1.46bn In 2 Months – CBN

The country’s external reserves fell by $1.46bn between January and March, figures obtained from the Central Bank of Nigeria have revealed.

This was recently revealed via a press statement, and Nigerians have been reacting.

According to CBN, data on movement of external reserves on Sunday showed that the reserves, which stood at $36.99bn as of the end of January, 1, 2023, fell to $35.53bn as of the end of March, 30, 2023.

The statement added that Nigeria’s external reserves fell by $3.43bn in 2022, from $40.52bn as of the end of December 31, 2021, to $37.09bn as of the end of December 29, 2022.

WOW.