Nigeria’s FX reserves fall to $32 billion, marking 6-yr low

Nigeria’s foreign reserves fell to $32.29 billion on April 15, the lowest in over six years.

According to the latest data from the Central Bank of Nigeria, CBN, the reserves moved from $34.44 billion, the highest level in 2024, to $32.2 billion on April 15.

The foreign reserves dropped by $2.15 billion or 6.26 per cent.

This brings to an end, a period of steady increase between February 5 and March 18, when the FX reserves rose by $1.28 billion.