Economy weakens as FX slumps to $32.87bn
Owing to the weak macroeconomic environment, Nigeria’s foreign exchange (FX) reserves dropped to a six-year low of $32.87 billion at the end of December, data obtained from the Central Bank of Nigeria (CBN)’s website has revealed. The decline is significant, considering that the reserves had peaked at $47.63 billion in June 2018. The Nigerian economy has […]