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...
In a recent interview on Africa Independent Television (AIT), Hassan Mahmud, the Director of the Monetary Policy Department at the Central Bank of Nigeria (CBN), responded...
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...
Data from the International Trade Center (ITC) has unveiled a disconcerting trend for Nigeria as the country's expenditure on imported phones, generators, electrical transformers, and other...
Nigerians in the Diaspora remitted a total of $168.33 billion back home
Nigeria’s external reserves have declined by $1.57bn in the first quarter (Q1) of 2023, according to figures obtained from the Central Bank of Nigeria (CBN). The...
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...
Nigeria’s external reserves have taken a hit, with figures obtained from the Central Bank of Nigeria (CBN) revealing a $427.14m fall in just one month. This...
The reserves dipped from $40.52 billion it opened the year to $37.1 billion in 2022.