Nigeria’s Foreign Exchange Reserves Now Below $39bn - CBN For the first time in nine months, Nigeria’s foreign reserves have dropped below $39 billion as Nigeria fails to take advantage of high oil prices. Ripples Nigeria Check on the Central Bank of Nigeria (CBN) website showed...

Airlines Will Post $39bn Loss In Q2 - IATA   The International Air Transport Association says airlines may burn through $61bn of their cash reserves during the second quarter ending 30 June, 2020 while posting a quarterly net loss of $39bn. The association said on Tuesday that...

CBN Injected $39bn To Stabilise Naira Last Year   Between January and December last year, the Central Bank of Nigeria injected about $39.9bn to defend the nation’s currency in the foreign exchange market. The analysis of foreign exchange injection into the economy contained in the fourth quarter...