Nigeria's foreign reserves declined by $840 million between April 1 and April 13, 2024, falling to $49.18 billion. The drop occurred over 13 consecutive days, according to data from the Central Bank of Nigeria (CBN). Despite the outflow, the naira appreciated slightly by N3.09 to close at N1,380.79 per dollar on Thursday, the last trading day before Easter. The period coincided with a rise in global crude oil prices, which have strengthened Nigeria's external revenue outlook. The CBN did not issue a statement explaining the reserves' decline. The reserves had previously risen above $50 billion in early April following a period of sustained inflows.