Forex Reserves Drop To $35.63bn, Lowest In Two Months         The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data from the Central Bank of Nigeria have shown. As of November 10, the forex reserves stood at $35.63bn,...

Nigeria’s Forex Reserves Drop By $47.3m       Nigeria’s foreign exchange reserves suffered its first decline in recent weeks at the weekend as dreary global crude oil prices, dollar recovery and domestic pressure on the controlled exchange rate heightened fears of further depreciation in naira. Nigeria’s foreign exchange...

The Nigerian Export Promotion Council said on Tuesday that the effective implementation of its new strategy on non-oil export would enable the country to increase its foreign exchange reserves to $150bn within the next 10 years. The Executive Director, NEPC, Mr. Segun Awolowo, stated this...