Nigeria's External Reserves Drop By $80m - CBN

The Central Bank of Nigeria (CBN) has announced that the nation's external reserves which have been growing since August, has dropped by $80 million (about N12.4 billion).

The drop, reported on the bank's website last weekend, represents a 2.81 per cent decrease.  This means that the nation's external reserves now stand at $44.26 billion from $44.34 billion reported on Dec. 24, 2012.