Nigeria’s foreign reserve has depreciated by $544million in the last one week. According to Daily Independent, figures posted on the website of the Central Bank of Nigeria CBN shows the nation’s foreign reserves stood at $35,740,495,640 as at December 11, but fell to $35,196,352,296 as at last week, December 18.
More..
- Top Post Today: 11 Sensitive Spots To Touch A Woman For Intense Pleasure (£xpli’c1t Content)
- 5 Warning Signs That Your Girlfriend Is About To Leave You & How To Stop Her From Leaving You! (MUST READ)
- For Men: 9 Tips To Last Longer In Bed Without Pills (£xpl1’cit Content)
- Female Student Caught Performing Live Internet $£x Show At University Library (LOOK)
- Guys!! That ‘ONE’ $£x Position That Is The Secret To Her Orgasm (MUST WATCH)
This fall in foreign reserves is coming despite the devaluation of Nigeria’s Naira. According to the Central Bank Governor, Godwin Emefiele, a large sum form the foreign reserves is being spent in defending the Naira from falling following its devaluation.
According to the governor,
“The CBN took the decision that it would be sub-optimal to continue to use up the country’s reserves in defending the Naira. This decision was right because neither the Central Bank nor the Federal Government is in control of the major factors causing the depreciation of the nation’s currency. In fact, the Russian Central Bank has abandoned its defence of the currency and allowed its depreciation, but only after it was said to have spent over $90 billion in defending the currency.”.
TOP POSTS YESTERDAY
- This Girl Was Having Fun Twerking Her Thunderious ‘UKWU’ Until The Unexpecteed Happened (MUST WATCH)
- OMG!! SEE How Kim & Khloe Kardashian Puts Their ‘Big Butt’ On Display Rocking This Tight Outfits (PHOTOS)
- Chelsea Star, Oscar Causes Internet Storm With Photo Of Him Grabbing ‘TWO WOMEN’S BUTT’ (LOOK)
- OMG!! This Nollywood Actress Got The ‘BIGGEST BUM BUM’ I’ve Ever SEEN All My Life (LOOK)
- 11 Sensitive Spots To Touch A Woman For Intense Pleasure (£xpli’c1t Content)
- Couple Caught Doing Bad Things In The Car On Roadside Caused Massive Traffic Jam (PHOTOS)
- Another Leaked Amber Rose Na ‘k£d Photo Goes Viral Again! [Look] Rated 18+
- Boko Haram Cuts Off Hands Off Two Men Accuse Of Stealing (Video)
- S£x Tape Of English Teacher Having S£x With Teenage Student Goes Viral
- A Woman Details The Adventurous Experience She Had With WizKid
- Exposed: Club in Port Harcourt where girls take off clo’th£s to entertain guys (Video)
- OMG! SEE The Beautiful Thing Tonto Dikeh Did To Express How Much She Loves Herself (LOOK)
- Footballer Sticks His Finger Up Opponent’s BUTT In Bizarre Mid-Game Challenge (DISTURBING PHOTO)
- Amber Rose Denies Rumor Of Her Having An Affair With Chris Brown – SEE What She Said!
- Couple Caught Having S£x Inside A Bank ATM Room (Photo +
- Full Video of Sheillah and Nhlanhla having S£x in #BBAHotShots
- Ladies! 12 Tips To Help You Master That ‘BEDROOM MOVE’ Every Man Craves For (£xplicit Content)
- Africa’s Queen Of B00ty Shows Of Her Best Friend.. Who’s Got Bigger Butt? (SEE PHOTOS)
- Yvonne Nelson Wants You To Meet Her New Boo (LOOK)
- Cristiano Ronaldo Unveils ‘ Well Endowed’ Statue Of Himself (PHOTOS)
Discussion about this post