Naira Is Stable But Forex Reserves Continue 5-day Free Fall

The Nigerian naira remained stable at the parallel market on Monday, despite a continuous fall in the country’s foreign exchange reserves. Foreign exchange reserves which has seen a boost in 2017, due to the rise in crude oil prices, has been on a free-fall for five consecutive days. According to CBN figures available on Monday, the reserves stood at $30,911,121,646, falling from $ via IFTTT