Nigeria’s gross foreign reserves fell to $33.2 billion on 11 September from $33.95 billion at the end of August.
The apex bank disclosed this on its latest data on foreign reserves on its official website.
In August, the reserves had increased marginally by nearly $2 million.
The increment is the first since July 2022 when the gross official reserves rose by $64 million.
Recall that JP Morgan said Nigeria’s foreign reserves stood at $3.7 billion at the end of 2022, contrary to CBN’s $37.09 billion figure.
President Bola Ahmed Tinubu had appointed Jim Obazee, a special investigator, to probe CBN since July.
Meanwhile, the country has continued to suffer forex exchange challenges.
Barely a week ago, the Acting Governor of CBN, Folashodun Adebisi Shonubi, said it would work with commercial banks to clear the forex backlog in two weeks.
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