Nigeria may move from dollar reserves

The Central Bank of Nigeria may consider reducing Nigeria's exposure to the United States dollar by moving the country's reserve towards the pound sterling and euro as a result of the continuing decline in the value of the dollars, a press report in South Africa said.

Although Nigeria's foreign reserve is predominantly in dollars, a CBN official told THISDAY weekend that "our portfolio is no longer 100 per cent in the dollar" adding that "we have investments in euro and sterling which we have