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...

External Reserve Now At $42.84bn, Lowest In 6 Months   The nation’s foreign exchange reserves have declined further, falling to the lowest level since March 12, latest data obtained from the Central Bank of Nigeria on Sunday showed. The external reserves, which rose to a high of...

External Reserves Shrinks To Five-month Low Of $43.67bn   The nation’s foreign exchange reserves have dropped to a five-month low of $43.67bn, losing $1.23bn in 29 days, latest data obtained from the Central Bank of Nigeria on Sunday showed. The external reserves, which rose to a high...

In One Month, External Reserves Drop By $482m   Nigeria’s external reserves dropped by $482.18m from N45.14bn as of July 8 to $44.65bn as of August 8, latest statistics from the Central Bank of Nigeria have shown. The reserves which had maintained a steady rise in recent...

External Reserves Rise To 6month High Of $44.14bn The nation’s foreign exchange reserves have increased to a six-month high of $44.14bn, data obtained from the Central Bank of Nigeria on Thursday showed. The external reserves have gained over $1.8bn since February 28, when it dropped to...

At $43.507bn, External Reserves Hit Highest In Five Month   Buoyed by increasing foreign portfolio investments (FPIs) and stability in crude oil price, Nigeria’s external reserves has risen to a five-month high of $43.507 billion as of last Thursday. The reserves rose as the Monetary Policy Committee...