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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Nigeria’s foreign reserves inch lower

Posted on 02 December 2008

From Africasia.com: Nigeria’s foreign currency reserves dropped to 57.2 billion dollars at the end of November from 59.7 billion dollars two weeks earlier, the Central Bank of Nigeria (CBN) said Monday.

The CBN said the slide in the reserves was due to lower crude oil prices in the international market….. Full Article: Source


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