Nigeria's foreign reserve has risen only once under the Buhari led Federal Government of Nigeria. This was disclosed by the Central Bank of Nigeria on its website.
It said the figure dropped by $7 million, from $30.11 billion recorded on October 26.
Under the new government of Muhammadu Buhari, it gained marginally to $31.9 billion by July, before sliding again to $29.9 billion by September.
The apex bank indicated that the current figures stood at $30.04 billion, a fall from an initial $30.11 billion. Under the new government, it rose marginally to $31.9 billion by July before dropping to $29.9 billion by September.
The Central Bank attributes the continuous pressure on the foreign exchange on rise in the domestic demand for dollars.
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