Foreign Reserves Drop By $129.83m In One Week     The country’s foreign reserves have commenced a downward trend, dropping by $129.83m in one week, the latest data from the Central Bank of Nigeria have shown. The reserves, which stood at $36.57bn as of June 3, fell to...

In One Month, Foreign Reserves Gained $2.7bn – CBN   The nation’s foreign reserves rose by $2.7bn in May after declining for several months, figures from the Central Bank of Nigeria showed on Tuesday. According to the CBN, the foreign reserves, which stood at $33.52bn as of...

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...