LAGOS: Nigeria's foreign exchange reserves declined 1.14 percent month-on-month to $43.12 billion by Jan. 29, and were six percent lower than the same time a year ago, central bank data showed on Friday.

The foreign exchange reserves of Africa's top crude exporter stood at $43.62 billion a month earlier.

The central bank's data on its website showed reserves stood at 45.85 billion on Jan. 29, a year ago.