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External Reserves Decline By $50.84m In 10 Days

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

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

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

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

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,...

External Reserves Drops By 6% To $40.5bn In Ten Months

External Reserves Drops By 6% To $40.5bn In Ten Months   Nigeria’s external reserves have reduced by $2.575 billion or six per cent to $40.5bn as of last Thursday, compared with the $43.075 billion it was at the beginning of the year. The development was attributed to...