Nigeria Not Reaping Oil Gains As Reserves Dip By U.S.$2 Billion

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Nigeria Not Reaping Oil Gains As Reserves Dip By U.S.$2 Billion

[Leadership] Nigeria's foreign exchange reserves have continued to dwindle, having depleted by more than $2 billion since the beginning of 2022, as analysts say Nigeria is yet to reap the benefit of the high oil price due to the declining value of the local currency as well the non-removal of the oil subsidy.

Source: allAfrica.com

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