| 28.01.2009 - Nigeria foreign reserves drop to $50.9 bln |
| From AFP: Nigeria's foreign currency reserves dropped to 50.9 billion dollars this week from 57.2 billion dollars at the end of December 2008, the Central Bank of Nigeria (CBN) said Tuesday. The CBN said the slide in the reserves was due to lower crude oil prices in the international market and the massive drawdown on the reserves to meet surging foreign exchange demands..... Full Article: Source |