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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Nigerian fx reserves $33.12 bln by end-January

Posted on 03 February 2011

 Lamido SanusiFrom Reuters: Nigeria’s foreign exchange reserves slipped slightly to $33.12 billion naira by the end of January from $33.53 billion two weeks earlier and remain down more than a quarter from a year ago, the central bank said on Wednesday.
The foreign reserves of Africa’s top oil and gas producer have fallen over the past 12 months despite rising oil prices and production, raising concerns about government spending in the run-up to April elections……………………………………….Full Article: Source


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