The country’s external reserves lost $180m in two weeks, the latest figures obtained from the Central Bank of Nigeria showed on Sunday.
The reserves lost $905.5m in June, after it fell to $33.32bn at the end of June 30 from $34.23bn on May 31.A member of the Monetary Policy Committee, Adeola Adenikinju, said at the last meeting that as a country, the excessive dependence on oil for revenue and foreign exchange sustenance was no longer tenable in the medium and long term.
In only 2WEEKS? 🤯
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