Nigeria is struggling to stabilize its foreign exchange reserves. They continue to drop over the months.
At the end of August, foreign exchange reserves were 44 billion dollars against 45 billion dollars a month earlier!
A drop of a billion dollars. The lowest level of foreign exchange reserves recorded in 17 months, reports analysts.

A counter-performance to be credited to the plunge in oil prices, Nigeria's main source of foreign currency.
But, there is also the consequence of the structure of the Nigerian economy. Not diversified enough, it essentially depends on income from the sale of hydrocarbons.

We understand why on August 13, President Buhari instructed the central bank; to no longer issue foreign currency for the purchase of food products, such as rice or milk...
Locomotive of the continental economy, this fall in currencies risks slowing down Nigerian growth and consequently the African continent this year...