Nigeria’s $37bn Foreign Reserves Adequate To Support Economy – Emefiele   The Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, has assured that Nigeria’s $37bn current foreign reserves is “robust to support the economy.” Emefiele, was quoted in a statement issued by the apex...

CBN Naira Defence Depletes Foreign Reserves By $3.17bn   Forex scarcity due to falling crude oil price forced the Central Bank of Nigeria to access the country’s foreign reserves to make forex available in the economy; reports says that this gulped $3.17bn in the first quarter. The...

In 11 Days, Foreign Reserves Gain $1.22bn     Foreign reserves have risen to $34.65bn within eleven days, latest figures from the Central Bank of Nigeria have indicated. The report specifically showed that the foreign reserves rose by $1.22bn from $33.42bn as of April 29, 2020 to $34.65bn...

Foreign Reserves Gain $449.5m In A Week     After 10 months of consistent decline, the country’s foreign reserves returned to a growth path, gaining $449.5m in one week, figures from the Central Bank of Nigeria have revealed. According to the CBN, the reserves rose from $33.44bn in...

In Four Months, Foreign Reserves Shed $5.09bn   The country’s foreign reserves have continued its downward trend, dropping by $5.09bn from $38.53bn on January 2, 2020 to $33.44bn as of April 28, 2020, latest statistics from the Central Bank of Nigeria have revealed. According to the figures,...

In Three Months, Foreign Reserves Shed $3.02bn   The country’s foreign reserves have continued its downward trend dropping by $3.02bn from $38.53bn on January 2, 2020 to $35.51bn as of March 27, 2020, latest statistics from the Central Bank of Nigeria have revealed. According to the figures,...