Foreign Reserves Depreciated By $790m       Nigeria’s foreign exchange reserves have depreciated by $790 million despite the rise in crude oil prices. The foreign reserves stood at $34.43 billion as at May 17 data from the Central Bank of Nigeria (CBN) website showed. Managing Director, Financial Derivatives Company...

Foreign Reserves Gain $620m From Remittances     After gaining $620 million from diaspora remittances in two weeks, the foreign exchange reserves jumped to $35.026 billion, a data from the Central Bank of Nigeria (CBN) has shown. The accretion, the highest in over a month, has been attributed...

Foreign Reserves Adequate For Seven Months Imports — CBN         The Central Bank of Nigeria, CBN, has indicated that the country’s foreign exchange reserves at current level of about USD35 billion would cover seven months import needs of the economy. This is contained in the apex bank’s...

Foreign Reserves Declined To $35.69bn In October       The country’s foreign reserves fell to $35.689bn as of the end of October, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed that the reserves which was $35.72bn as of the end of September lost...

CBN Projects Huge Decline In Foreign Reserves       Amidst continued pressures on the external sector of the economy, the Central Bank of Nigeria (CBN) has projected a major fall in the country’s foreign reserves to $29.9 billion by the end of 2020 citing decline in oil...

Foreign Reserves Rise By $140.9m, Hits $35.81bn       The country’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to $35.81bn as of September 17, the latest figures from the Central Bank of Nigeria have shown. The reserves rose by $65m from $35.59bn as of...