• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Continuous Drop In Foreign Reserves

Editor by Editor
September 29, 2015
in Politics
Nigeria’s External Reserves Jumps to $31.4billion (Still down 20 percent)
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

opay

Opay Redefines Customer Service With Innovative Solutions And Expanded Accessibility

February 26, 2024
How to manage your life insurance policy

10 things you must know before you buy insurance in Nigeria

January 15, 2023
  • Nigeria’s foreign reserves is now on a steady decline against the backdrop of the decision by Central Bank of Nigeria, CBN, to protect the Naira from depreciation.
  • Looking back at the last trading day on Wednesday, September 23, the reserves had fallen to $30.485 billion, about $1.139 billion drop from this year’s peak of $31.624 billion recorded about six weeks ago, August 9.
  • The dwindling  trend, according to financial sector analysts, is a result of CBN’s operations in the foreign exchange market, where it tries to meet demands at a predetermined exchange rate amidst crumbling oil revenue.
  • Foreign exchange market reports still shows continued excess demand which has continued to put pressure on exchange rate, while premium on parallel market continue to expand.
  • Financial analysts have also attributed the outflows to recent announcement by USA investment banker, JP Morgan, that it was withdrawing Nigeria from its Government Bond Index for Emerging Markets, GBI-EM.

 

Tags: Financial Services
Editor

Editor

Related Posts

opay
Corporate Updates

Opay Redefines Customer Service With Innovative Solutions And Expanded Accessibility

February 26, 2024
How to manage your life insurance policy
Metrics

10 things you must know before you buy insurance in Nigeria

January 15, 2023
Patricia Ibedilo and Ali Umoru Join Glover Technologies
Corporate Press Releases

Patricia Ibedilo and Ali Umoru Join Glover Technologies

September 22, 2022
How we are providing financial services to millions of unbanked Nigerians – Olaoluwa Awojoodu, CEO, E-Settlement Group
Corporate Updates

How we are providing financial services to millions of unbanked Nigerians – Olaoluwa Awojoodu, CEO, E-Settlement Group

June 25, 2021
Fintech platform, Layer, set to transform digital banking experience across Kenya through UBA partnership
Financial Services

Fintech platform, Layer, set to transform digital banking experience across Kenya through UBA partnership

June 16, 2021
CWG Plc
Financial Services

Growing performances demands have necessitated Bank’s Balance Sheet Management practices – CWG Plc

March 8, 2021
Next Post
New Electricity Tariff To Be Effective From October Says NERC

New Electricity Tariff To Be Effective From October Says NERC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • British International Investment committed over £1.09 billion to African firms in 2024 – Report
  • JAMB sets 150 as minimum cut-off for universities,100 for polytechnics, colleges of education 
  • Send App by Flutterwave resumes remittance transfers from Europe to Africa with enhanced features 

Follow us on social media:

Recent News

British International Investment committed over £1.09 billion to African firms in 2024 – Report

British International Investment committed over £1.09 billion to African firms in 2024 – Report

July 8, 2025
Junior public officers take CBT exams administered by JAMB

JAMB sets 150 as minimum cut-off for universities,100 for polytechnics, colleges of education 

July 8, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics