Nigeria’s Reserves Falls by 313 dollars

Nigeria’s external reserves fell by $313m in March.

According to figures obtained from the Central Bank of Nigeria, CBN showed that the foreign exchange reserves, which commenced March 1, 2022, at $39.86bn, fell to $39.55bn as of March 30, 2022.

Brent, the crude against which Nigeria’s oil is priced, which had jumped above $100 per barrel in the past few weeks, hit $120 as of Thursday.