The reserves dipped from $40.52 billion it opened the year to $37.1 billion in 2022.
Persistent dollar scarcity amid economic uncertainties ahead of the 2023 general elections continues to drag on Nigeria's foreign reserves.
Nigeria's foreign reserves increased by $250 million in the last seven days to $39.138 billion despite the country redeeming a $300 million diaspora bond.
The persistent increase in global oil prices bolstered Nigeria’s foreign reserves in the last seven days, according to the data released by the Central Bank of...
The Central Bank of Nigeria’s (CBN) data for last month shows that Nigeria’s foreign reserves plunged to $38.54 billion as of May 27, 2022, the lowest...
Weak foreign revenue generation despite the surge in oil prices continues to drag on Nigeria's foreign reserves.
The Nigerian Naira was unchanged against the United States Dollar at the Central Bank of Nigeria’s regulated exchange portal. The Naira to Dollar exchange rate stood...
Economic uncertainty amidst weak fundamentals continues to drag on Nigeria’s foreign reserves and ability to support its huge dollar-dependent economy. The total value of Nigerian foreign...
Nigeria’s external reserves rose by $83.3 million in seven days, according to the latest report from the Central Bank of Nigeria. The reserves which stood at...
Nigerian authorities have been warned to take pragmatic steps to save the economy from crisis, with the observation that the country’s reserves have dropped below the...