Nigeria’s FX reserves fall by $1.31 billion in February amid naira gain
Nigeria’s foreign exchange reserves dropped by $1.31 billion in February 2025, reflecting ongoing external pressures amid a stronger naira. According ...
Tag: Nigeria’s FX reserves
Nigeria’s FX reserves fall by $1.16 billion in January as CBN boosts dollar sales to BDCs
Nigeria’s foreign exchange (FX) reserves declined significantly by $1.16 billion in January 2025, wiping out the $592.58 million gain recorded ...
Nigeria’s FX reserves surge by $591.78m one month after Eurobond auction
Nigeria’s foreign exchange (FX) reserves have recorded an increase of $591.78 million in the month following the government’s $2.2 billion ...
“I grew Nigeria’s FX reserves from $3.7 billion to $45 billion, saved $25 billion in ECA” — Obasanjo
Former Nigerian President Olusegun Obasanjo has recounted how he boosted the country’s foreign reserves from a meager $3.7 billion to ...
Nigeria’s FX reserves hit a three-month high as exchange rate achieves stability
Nigeria's foreign exchange (FX) reserves have surged to their highest level since March 28, 2024, marking a significant financial milestone ...
Nigeria’s FX reserves reach three-week high, gain $262 million
Following several weeks of a downward trend, Nigeria's foreign exchange reserves have witnessed a marginal resurgence of about $262 million ...
30% of Nigeria’s external reserves are FX bank swaps – Fitch
The global credit ratings agency, Fitch, has estimated that approximately 30% of Nigeria’s external reserves are constituted by foreign exchange (FX) ...
Foreign exchange swaps fuelling decline in Nigeria’s FX reserves – MPC member
A member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Bamidele A.G. Amoo, has said ...
