Nigeria’s Foreign reserve declined by 0.055 to close at 41.58 billion dollars as of Wednesday, 10th November 2021 compared to 41. 58 billion dollars recorded as of the previous day.
However, the nation’s foreign reserve gained 5.04 billion dollars in the month of October, as a result of the 4billion dollars raised by the Federal Government from the issuance of Eurobond in the International debt market.
The gains recorded in the previous month are higher than the 2.76 billion dollars gain recorded in the month of September 2021, while the recent decrease puts the year–to–date gain at 6.18 billion dollars.
So far, in the month of November, Nigeria’s reserve has lost 263.13 dollars.