Gold, Grit and Vision: How Cardoso is Pushing Nigeria’s Reserve Reawakening, by Rahma Olamide Oladosu
In a time when confidence in economic governance often hangs by a thread, the Central Bank of Nigeria’s recent decision to diversify the country’s external reserves away from an overwhelming...
Moody’s Upgrades Nigeria’s Rating to B3, Cites Improved Reserves
Moody’s has upgraded Nigeria’s rating by a notch to ‘B3’ from ‘Caa1,’ citing significant improvements in the country’s external and fiscal positions.
The credit ratings agency revised Nigeria’s outlook to ‘stable’ from “positive’ as it expects recent...
External Reserves Record $424.68 million Increase
Nigeria’s external reserves recorded an increase of $424.68 million between August 30 and September 10, highlighting an improved financial outlook for the country.
Data sourced from a report by the Central Bank of Nigeria (CBN) and analysed on Thursday showed...
The Central Bank of Nigeria (CBN) has released data stating that Nigeria’s external reserves have declined by 0.68 percent to $36.620 billion as of August 12, 2024, down from $36.872 billion on August 7, 2024.
External Reserves Decline by $520m in Five Weeks – CBN
The country’s external reserves fell by $520.22 in five weeks, figures obtained from the Central Bank of Nigeria (CBN) revealed.
According to CBN’s data on movement in reserves, the figures which stood at $33.396bn as of...
External Reserves Decline by $1.65bn in Six Months
Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria (CBN) tried to unify the country’s foreign exchange rates.
On June 14, the apex bank asked Deposit Money Banks to remove the...
