External Reserves Fail To Sustain Momentum After July Rally     Nigeria’s external reserves could be heading toward the mid-July trough as it fail to sustain the momentum it started four weeks ago. The figures have been on a downtrend since August 11 after what appeared like a...

In Two Weeks, External Reserves Gain $280m       The country’s external reserves have returned to a growth path with a gain of $280m in two weeks, the latest figures from the Central Bank of Nigeria have shown. Figures obtained from the CBN on Sunday revealed that the...

External Reserves Gain $76.5bn In Seven Days       In a curious twist of fate last week, there was a breather for the falling foreign exchange reserves. The figures gained an average of $76.5bn in seven days. The gross component gained $83.3 million between July 12 and July...

External Reserves Decline By $180m In Two Weeks       The country’s external reserves lost $180m in two weeks, the latest figures obtained from the Central Bank of Nigeria showed on Sunday. According to the figures, the reserves, which stood at $33.28bn on July 1, dropped to $33.09bn...

In Just Three Days, Nigeria's External Reserves Drop By Over $100m       Nigeria’s external reserves fell by $100 million in three days, from June 26 to June 28, as the figures continued to witness historic depletion. According to data sourced from the Central Bank of Nigeria (CBN),...

Import Crisis Looms As External Reserves Hit 13-month Low     Nigeria’s economy could be leaning against the wind as the country’s external reserves fell to a 13-month low last week, tumbling quickly to $30 billion, the level it was between 2015 and 2017. Last Thursday, the figure...