Tag: External Reserves
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Nigeria’s External Reserves falls to $34.7bn
Nigeria’s external reserves dropped further to the $34 billion, data from the Central Bank of Nigeria (CBN) has revealed. According to the data, the nation’s foreign reserves depleted to $34.67 billion on Monday, April 6, 2020 from $34.98 billion on Thursday, April 2, 2020. It was observed that on Monday, March 30, 2020, what was…
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External reserves fall by $251m
…as CBN injects fresh $210m into forex market Latest data from the Central Bank of Nigeria (CBN) on Tuesday showed that the nation’s foreign exchange reserves have dropped below $47bn, losing $251m in the first six days of the month (August). The reserves, which stood at $47.119bn as of July 31, fell to $46.868bn on…
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Nigeria’s External reserves hit $46 billion – CBN
The Central Bank of Nigeria (CBN) on Sunday disclosed that the nation’s external reserves currently stands at $46 billion, saying the figures are steadily heading towards the $50 billion mark. CBN Spokesman, Isaac Okoroafor, said in a statement on Sunday that the reserves grew by about $3.2 billion between February and March 2018. The reserves…
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Nigeria’s external reserves rise to $36.8bn
Nigeria’s external reserves rose by $1.91bn in the first two weeks of this month, a Central Bank of Nigeria’s report indicated on Friday. The foreign exchange reserves stood at $36.86bn as of December 14, up from $34.95 as of November 30, the latest data obtained from the CBN showed on Friday. The analysts at FBNQuest…
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Naira appreciates, exchanges for N498/1$ as external reserves hits $28.28bn
The Naira on Wednesday exchanged for N498 to $1 after depreciating in value to N500 at the parallel market for close to some weeks now. However, the external reserves also rose marginally to $28.28billion to reach the highest in the year. The naira remained stable at N305.25 to the dollar at the interbank market, however,…
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External reserves rise by $300m in less than one week, now $25.4bn
Nigeria’s external reserves recorded another increase from the initial $25.084bn recorded on December 16, to $25.361 on December 22, latest data from the website of the Central Bank of Nigeria, CBN has shown. In less than one week, the reserves rose by almost $300m from $25.084bn recorded on December 16, 2016 to $25.361 on…