Nigeria’s forex reserves fall to near two-month low

Nigeria’s foreign exchange reserves have declined to $35.47 billion, the lowest level in nearly two months.

The reserves have fallen by over $1.05 billion or 2.88 percent from a peak of $36.52 billion on Jan. 25, data obtained by Markets Reporters from the Central Bank of Nigeria showed.

The external reserves, which closed at $35.37 billion last year, has lost almost all the gains recorded this year.