Markets

Nigeria forex reserves fall 1.1pc m/m to $43.12bn

Published January 31, 2014 Updated January 31, 2014 01:48pm

1 min

By Shoaib Ur Rehman

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LAGOS: Nigeria's foreign exchange reserves declined 1.14 percent month-on-month to $43.12 billion by Jan. 29, and were six percent lower than the same time a year ago, central bank data showed on Friday.

The foreign exchange reserves of Africa's top crude exporter stood at $43.62 billion a month earlier.

The central bank's data on its website showed reserves stood at 45.85 billion on Jan. 29, a year ago.

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