February Foreign Exchange Reserve Drops By 1.3bn

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February Foreign Exchange Reserve Drops by 1.3bn Nigerias 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 CBN showed that reserves declined from 39.72bn on January 31, 2025, to 38.42bn on February 28, 2025, representing a
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