foreign reserve

The Naira will get worse if Nigeria’s External Reserves are depleted, a Professor of Financial Economics at the University of Uyo, Awka Ibom State, Leo Ukpong, has stated. Ukpong, said forex exchange should be channelled towards economic activities that create values in the domestic economy...

Nigeria’s external reserves diminished by a total of $753 million to close at $27.123 billion as at April 28th, compared with the $27.859 billion it was as at April 1. The current position of the reserves, which are derived mainly from the proceeds of crude oil earnings represented a decline by...