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,...

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...