Naira gains at NAFEX window as oil prices make rebound
Naira gained against the US dollar on Monday 19th April 2021 to close at N410.33/$1 as crude oil prices gained.
Tag: Nigeria’s External Reserves
Naira crashes to N450 to $1 at parallel market amid fx scarcity
The volatility of Nigeria’s foreign exchange market seems to be heading towards the 2015 crisis era as the naira has ...
What constitutes Nigeria’s external reserves?
Anytime we hear about foreign reserves, we just learn about the movement in the reserves, whether upwards or downwards. But ...
UPDATE: Fitch downgrades Nigeria’s IDR to “B”, says CBN’s remedial policy not enough
A new report by Fitch has downgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to a 'B' rating.
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.
Oil price crash, Coronavirus: The trouble that lies ahead for Nigeria
In Nigeria, Coronavirus possesses a different kind of imminent threat which could cost economies even more.
Why you should be worried about the latest drop in external reserves
The CBN confirmed the external reserves stood at $39.8 billion, the first time it has dropped below $40 billion in ...
Nigeria’s External Reserves plunge to $40.3 billion as devaluation concerns brew
Nigeria’s External Reserves plunge to $40.03 billion as devaluation concerns brew
Nigeria’s External Reserves drop by $2.9 billion, hit 10-month low
Nigeria’s external reserves depleted by $2.9 billion between August and September. This is reflected in the data obtained from CBN website.
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 ...
