Nigeria's foreign reserves hit their lowest level for seven weeks on Dec 22, standing at $32.93 billion, central bank figures showed on Friday. The country's hard currency reserves have been under pressure, with the government selling dollars to prop up the naira amid low accretion from oil revenues due to increased government spending.
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Added: almost 2 years ago (December 30, 2011 @ 09:45AM)
Source: Businessday Nigeria