Figures obtained from the reserve movement of the Central Bank of Nigeria shows that Nigeria’s external reserve stands at N40.496 billion as at 7th of January 2022.
This represents a decline of about $24 million in the first week of the year, compared to $40.52 billion recorded as at 31st of December 2021.
The nation’s foreign reserve had gained $5.99 billion in October, following a $2.76 million gain recorded in September 2021 as a result of the $4 billion Eurobond secured by the federal government and the $3.35 billion IMF Special Drawing Rights facility.