Nigeria Leads South Africa In Foreign Reserves   Nigeria is leading South Africa in net foreign reserves as Nigeria’s reserve hits $47.37 billion (N17 trillion) in March, 2018 to beat South Africa which has $43.15 billion. Nigeria which recently recovered from economic recession with less than $21...

Nigeria’s Foreign Reserves Hit $46.2bn   Nigeria’s foreign exchange reserves gained 8.8 per cent as of March 28, to $46.2 billion compared to same period in February 2018, according to data from the Central Bank of Nigeria (CBN). The reserve is still far from the peak of...

On $2.5b Eurobond Issuance, Foreign Reserves Set To Rise Nigeria’s 42.8 billion external reserves will go up, with the successful issuance of the $2.5 billion Eurobond offer, a report said at the weekend. Besides, cumulative transactions in the Investors’ & Exporters’ (I&E) forex window have hit...

The Naira has appreciated at the parallel market in spite of the rise in the nation’s foreign reserves. The Nigerian currency gained 15 points at the parallel market to exchange at N495 on Thursday after closing at N520 three days ago. It also appreciated against...