FX reserves dropped by $1.3bn in February – CBN report

Nigeria’s foreign exchange reserves fell by $1.31bn in February 2025, reflecting sustained external pressures amid the recent appreciation of the naira. Data from the Central Bank of Nigeria showed that reserves declined from $39.72bn on January 31, 2025, to $38.42bn on February 28, 2025, representing a 3.3 per cent drop within the month. The decline

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