Naira starts week at N411/$1 as oil price finally hits $70
Naira depreciated against the US Dollar on Friday as it closed at N411 to a dollar at the NAFEX window ...
Tag: external reserves
News and analysis about external reserves
Why external reserves is falling despite a rise in oil prices
Increased oil prices seem not to have stopped the further slide in Nigeria's foreign reserves.
CBN Governor says Nigeria’s external reserves sufficient to cover 7-months import
The CBN Governor has insisted that Nigeria’s current external reserves is sufficient to cover 7 months of imports of goods ...
Naira falls against the dollar across all forex markets as liquidity drop by 84%
Forex turnover dropped from $90.88 million on Wednesday, June 24, 2020, to $14.68 million on Thursday, June 25, 2020, representing a decline of 83.8%
Nigeria’s external reserves up by 7% in 21 days, currency speculators to lose over N10 billion
It should be noted that Nigeria’s external reserves went on a downward slide last year, having lost $11.75 billion within a space of 10 months.
External reserves decline by over 8%, despite lower FX demand
Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
External reserves to fall below $30 billion, more forex restrictions expected
Analysts have predicted the foreign reserves to fall below $30 billion if some measures are not taken.
Official: Nigeria’s External Reserves hit $45bn mark
Nigeria's external reserves have rallied and hit $45bn mark in May 2019, which represents 8months high. This is revealed in ...
Tracker: Nigeria’s External Reserve now at $43.08billion as at 20th December 2018
Nigeria's External Reserve was $43,084,864,561 as at December 20th, 2018.
Foreign Reserves drop by $1.1 billion in 2 weeks, now $43 billion
the external reserves currently stands at $42.92 billion as at Tuesday, October 16,