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...
Nigeria’s foreign reserves declined by $915 million following the Central Bank of Nigeria’s (CBN) decision to officially adopt a floating exchange rate system and liberalize the...
Global financial services giant JP Morgan has revealed its assessment of Nigeria’s net foreign reserves to be approximately $3.7 billion. This estimation stands in stark contrast...
The suspicion is that Nigeria's external reserves are much less than what the CBN reports. The level of opacity is alarming and is a real drag...
Nigeria’s external reserves declined by $1.46 billion in the first quarter (Q1) of 2023 from $36.67 billion to $35.53 billion, according to data obtained from the...
Nigeria's external reserves grew by $1.063 billion within 24 hours on March 28, 2023 to $36.668 billion in a move suspected to be inflow from the...