Tag: External Reserve
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Nigeria external reserves stand at $45bn as at June – CBN
The Central Bank of Nigeria (CBN) says the country’s external reserves now stand at 45 billion dollars as at June, 2019. The CBN Governor, Mr Godwin Emefiele, disclosed this while reeling out the policy road map for his five years second term in Abuja on Monday. Emefiele said the bank put all necessary measure to…
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Nigeria’s External reserves dip by $4bn in one year
Statistics obtained from the website of the Central Bank of Nigeria, CBN, reveals that despite the astronomical fall in the value of the Naira against the United States dollar and other major foreign currencies in 2016, the apex bank spent a whopping $4bn from the nation’s external reserves to stabilize the ailing Naira in one…