Nigerian forex reserves fall to $30.04 bln by Nov 26 -CBN

Nigeria’s foreign exchange reserves fell to $30.04 billion by Nov. 26 from $30.10 billion the month before, the latest central bank data showed on Monday.

Reserves were down 18.6 percent on the year from $36.9 billion in the same period last year. Nigeria’s dollar reserves have been hit by a plunge in crude prices and the central bank’s decision to defend the currency.