External Reserves Decline By $1.1bn In One Month     External reserves dropped by $1.1bn in February, according to statistics obtained from the Central Bank of Nigeria on Monday. The reserves which stood at $36.19bn as of February 1 fell to $35.09bn as of February 26. The Central Bank...

External Reserves Decline By $565m In Two Weeks       The country’s external reserves dipped by $565m from $36.198bn as of February 1, to $35.633bn as of February 15, latest figures from the Central Bank of Nigeria revealed on Wednesday. The reserves which had gained in recent weeks...

Naira Depreciates As External Reserves Decline Persists To $36.12bn         The naira last week buckled under the weight of increased dollar demand, depreciatiating in both the parallel market and the Investors and Exporters (I&E) window, even as the nation’s external reserves declined further to $36.12 billion...

External Reserves Hit $36.39bn         The external reserves stood at $36.39bn as of January 27, the latest figures from the Central Bank of Nigeria revealed. Figures obtained from the CBN showed that the reserves, which commenced the year at $35.65bn, rose to $36.52bn as of January 25,...

Improved Crude Oil Prices Increase Nigeria’s External Reserves To $36.23bn       The CBN says Nigeria’s Foreign Exchange Reserves rose from 34.94billion dollars in November 2020 to 36.23billion dollars as at Jan 21, 2021. CBN Governor, Godwin Emefiele, said at the January Monetary Policy Committee (MPC) meeting of...

Naira Struggles For Stability As External Reserves Gain         The naira dipped slightly after it exchanged for N474/$ at the parallel market on Monday. It had earlier exchanged for 473/$ for most of last week. At the Investors & Exporters forex window, it closed at N388/$ after it...