Naira Struggles For Stability As External Reserves Gain
The naira dipped slightly after it exchanged for N474/$ at the parallel market on Monday.
It had earlier exchanged for 473/$ for most of last week.
At the Investors & Exporters forex window, it closed at N388/$ after it...
External Reserves Increase By $930m In Two Weeks
The country’s external reserves rose by $930m from $35.37bn as of December 31, 2020 to $36.30bn as of January 14, 2021.
Figures obtained from the Central Bank of Nigeria disclosed on Sunday.
The CBN also disclosed that foreign exchange...
External Reserves Rise, End Year At $35.35bn
The country’s external reserves rose by $380m from $34.98bn as of December 24 to $35.36bn as of the end of December 2020, according to figures obtained from the Central Bank of Nigeria on Wednesday.
According to the figures, the...
External Reserves Shed $567m In Two Weeks
The nation’s external reserves fell by $567 million in the first two weeks of this month.
According to the latest data from the Central Bank of Nigeria (CBN), the reserves dropped to $34.846 billion on Tuesday December 15th from...
In Five Weeks, External Reserves Dip By $269.47m
The country’s foreign reserves fell by $269.47m in five weeks, the latest figures obtained from the Central Bank of Nigeria revealed on Monday.
The reserves, which stood at $35.656bn as of November 4, fell to $34.925bn on December...
Naira In Mixed Fortunes As External Reserves Drop To 5mths Low
Despite the renewed pressures on the external sector, Naira has appreciated in the Investors & Exporters (I&E) window of the currency market.
But this came at the backdrop of a decline in external reserves just...
