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...
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...
Nigeria’s external reserves have experienced a significant decline of $841.75 million between July and September 2023, according to data from the Central Bank of Nigeria (CBN)....
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...