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Nigeria’s external reserves decline by 1.94% as naira gains marginally

Nigeria’s external reserves declined by 1.94 percent to $34.94 billion as at April 28 from $35.25 billion as at April 16, 2021, according to data obtained from the Central Bank of Nigeria (CBN). The decline in the external reserves is attributed to lower foreign exchange receipts. The January 2021 economic report of the CBN showed…

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