Using Bitumen For Road Projects Will Conserve Foreign Reserves - Minister   The Minister of Mines and Steel Development, Arch. Olamilekan Adegbite, has said that exploring the nation’s huge bitumen deposits would go a long way in facilitating ongoing road projects and by implication, safe the...

Foreign Reserves Shrink, Drop To Two-year Low At $39.84bn   The foreign exchange reserves have hit two-year low at $39.84 billion, an Economic Report by Financial Derivatives Company Limited, has shown. The report also said that quarterly oil revenue could hit $15 billion at the new oil...

In One Year, Foreign Reserves Drop By $4.45bn   Nigeria’s foreign reserves, which stood at $43.07bn as of the beginning of January 2019, fell by $4.45bn to $38.619bn as of the end of December, 2019. The reserves, which had been recording a downward trend dropped from $39.8bn...

Foreign Reserves Drop By $558.68m In 2 Weeks   The country’s foreign exchange reserves continued its downward trend as it dropped from $39.8bn on November 11 to $39.24bn on December 13, latest figures from the Central Bank of Nigeria have revealed. The reserves fell by $1.26bn from...

Foreign Reserves Drop By $1.26bn In 4 Weeks     Nigeria’s foreign reserves fell by $1.26bn from $41.76bn in October 2 to $40.5bn as of the end of October 30, according to figures from the Central Bank of Nigeria on Thursday. The reserves which had continued to shed...

Sept Foreign Reserves Slide By $1.76bn To $41.85bn     Following the unstable global oil prices, the nation’s foreign reserves dropped by $1.76bn or 96 per cent in September to $41.85bn, from the $43.61bn at the beginning of the month. The latest figure by the Central Bank of...