Naira loses over half of its value in Cardoso’s one year in office
The Naira has lost over half of its value in one year since Yemi Cardoso assumed office as the Governor ...
Tag: Foreign reserves
Nigeria now records monthly net inflow of $2.35 billion into foreign reserves – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the country now records about $2.35 ...
Naira continues decline at official window, rebounds by 2.14% at parallel market
The Nigerian naira continued its downward trend against the US dollar at the official exchange window, closing at N1,309.88 on ...
Naira dips to N1,450 in rapid decline, 8.28% drop during trading hours
The naira experienced a decline on Thursday afternoon, falling to N1,450 per dollar in the parallel market.
Nigeria’s capital inflow falls to $1.57 billion in Q1 2022
Nigeria attracted a total of $1.57 billion in capital inflows in the first quarter of 2022, falling by 28.1% compared ...
CBN says oil theft is causing problems for foreign reserves
The Central Bank of Nigeria has agreed that increasing oil thefts on the economy is affecting the accretion of the ...
Foreign reserves fall to $40.66 billion on Xmas week
Nigeria’s foreign reserve dipped $485.41 million to settle at $40.66 billion from $41.15 billion as of 1 December 2021. This ...
Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira
Nigeria's foreign exchange reserves now stand at $36.57 billion, having increased sharply from $33.42 billion as of April 29, 2020.
Naira drops to N454 against a dollar, as foreign investors, importers struggle for dollars
Naira weakened today at the black market as dollar trading at N454 to $1 as demand increased from foreign investors and ...
Avoiding 2016: What Nigeria should do to fight the coming economic storm
As most countries hunker down into some form of isolation to battle COVID-19, financial markets have been hit by a ...
