Nigeria’s Foreign Reserves Rose to $39bn in October – Cardoso The governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, says the country’s foreign reserves rose by 12.74 percent to $39.12 billion as of October 11. Cardoso spoke on Tuesday when he appeared before the house...

Nigeria's External Reserves Hit 22-Month High to $37.31bn — CBN Nigeria’s external reserves have reached a 22-month high of $37.31bn, reflecting significant foreign inflows into the country’s economy. Data from the Central Bank of Nigeria (CBN) revealed that as of September 18, 2024, the reserves hit...

Foreign Reserves Record $2.35bn Net Inflow – Finance Minister The Minister of Finance and Coordinating Minister of Economy, Wale Edun, says Nigeria’s foreign reserves have seen a net inflow of about $2.35bn into the Central Bank’s coffers. He disclosed this at the Corporate Customers Forum in...

Nigeria's FX Reserves Fall to $36.32bn According to data released by the Central Bank of Nigeria (CBN), the nation's foreign exchange reserves fell to $36.32bn as of August 29, 2024, according to data released by the Central Bank of Nigeria. This marks a decline from the...

Naira Resurgence, Foreign Reserves and the Illusion of Truth, by Abdulrahman Abdulraheem   Famous psychologist, Tom Stafford, believes repetition makes a claim seem more true, regardless of whether it is or not. Understanding this effect can help one avoid falling for propaganda. “Repeat a lie often enough...

CBN Not Defending Naira With Foreign Reserves - Cardoso   The Governor of the Central Bank of Nigeria (CBN) Mr. Olayemi Cardoso, said yesterday that the apex bank is not defending the Naira with the nation’s foreign reserves. He was speaking against the backdrop of the recent...