Improved Crude Oil Prices Increase Nigeria’s External Reserves To $36.23bn       The CBN says Nigeria’s Foreign Exchange Reserves rose from 34.94billion dollars in November 2020 to 36.23billion dollars as at Jan 21, 2021. CBN Governor, Godwin Emefiele, said at the January Monetary Policy Committee (MPC) meeting of...

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...