External Reserves Drop By $35.67bn         Nigeria’s external reserves, last week, fell for the fourth consecutive week to $35.67 billion even as the naira depreciated to N462 per dollar in the parallel market. Data from the Central Bank of Nigeria (CBN) shows that the reserves fell to...

External Reserves Decline By $50.84m In 10 Days         The country’s external reserves dropped by $50.84m from $35.75bn as of October 2 to $35.69bn as of October 12, figures from the Central Bank of Nigeria have revealed. The CBN disclosed that the reserves, which had continued to...

External Reserves Hit $35.72bn In September       The country’s foreign reserves stood at $35.723bn as of September 29, according to the Central Bank of Nigeria. The CBN disclosed that the reserves, which had continued to rise and fall in recent weeks, stood at $35.67bn as of September...

Nigeria’s External Reserves Up By 7% In 21 Days     The continuous increase in Nigeria’s external reserves appears to have been sustained as it recorded a third consecutive week of growth at the end of last week. Available data from the Central Bank of Nigeria (CBN)...

In Nine Months, External Reserves Drop By $4.9bn   Between March and November this year, the country’s external reserves dropped by $4.99bn from $44.79bn to $39.8bn, the Central Bank of Nigeria has said. The $4.99bn according to data obtained from the CBN represents a decline of 10.65...

External Reserves Plunge Below $40bn   The nation’s foreign exchange reserves have slumped below the $40bn mark, hitting their lowest level in 22 months, latest report from the Central Bank of Nigeria has shown. The external reserves, which have been on a downward trajectory in recent times,...