Following the Central Bank of Nigeria (CBN) policy of increased interest rates for foreign investors, Nigeria’s external reserves grew by $7.7 billion within 11 months from...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country’s foreign reserves have seen a net inflow of approximately...
Nigeria’s external reserves, also known as foreign currency reserves, jumped by $490 million in one week following the successful issuance of domestic dollar bonds by the...
Despite Nigeria’s external reserves growing by 8.36% in the past year following the surge in remittances and international financial inflows, the naira continues to lose value...
Nigeria’s foreign exchange reserve increased by $110 million over the past six days following a concerning 10-week dip that saw the reserves fall by $1.8 billion...
Nigeria’s foreign exchange reserves have plummeted by approximately $1.02 billion over an 18-day period. This significant drop underscores the intensifying pressure on the country’s currency and...
Recent data released by the Central Bank of Nigeria (CBN) indicates a significant upswing in Nigeria’s external reserves to $34.1 billion as of March 7, 2024....
The country’s external reserves declined by 10.86% year-on-year, according to the Central Bank of Nigeria (CBN) data. The reserves which stood at $37 billion on the...
The Central Bank of Nigeria (CBN) data has revealed a $77.23 million decline in Nigeria’s external reserves for the month of December 2023. This 0.23% decline...
In August 2023, Nigeria’s external reserves saw a modest uptick of $1.87 million, a development attributed to the prudent policies put in place by the Central...