 Nigeria's foreign reserve closed the month of July at $33.4 billion and that's appreciated marginally by $79.1 billion compared to $33.32 billion recorded at the start of the month. However, it declined by $1.97 billion compared to $35.37 billion at the start of the year. This is according to data tracked from the website of the CBN. The current level of the foreign reserve represents a 0.24% marginal increase compared to $33.32 billion recorded as of 30 June. The Forex Reserve had witnessed a significant and persistent decline earlier in the year and to recently in July. This had piled pressure on the exchange rate of the Naira. A look at the data shows that the foreign reserve has dipped $1.07 billion since the start of 2015 and that's a 3.1% decline compared to $34.47 billion recorded as of 31 December 2014. Since the reserve started recording consistent positive growth, the reserve has gained $314.7 million in 12 days. Updates