Data from the Central Bank of Nigeria (CBN) show that official reserves declined by US$340m in February on a 30-day moving average basis to US$27.8bn.
The decline occurred in the first half of the month: this could mean that fx sales by the CBN slowed, that it was able to plug some leakages or that
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PATRICK ATUANYA
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
