The International Monetary Fund yesterday called for judicious use of Nigeria’s external reserves in defending the naira against the outflow of foreign portfolio investment triggered by rising interest rate in the United States and other advanced countries. IMF’s Head, Emerging Economies Regional Studies Division, European Department, Anna Ilyina made this call in Bali, Indonesia, while […]
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The nation’s external reserves fell by $669 million last month, data from the Central Bank of Nigeria showed on Thursday. The reserves, which stood at $47.788 billion as of June 29 and rose to ₦47.798 billion on July 2, dropped by 1.4 per cent to close at $47.119 billion on July 31. The Punch reported […]
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The nation’s foreign exchange reserves have pared some of the gains recorded last month, falling by $102 million in the six days to Wednesday. Available data obtained from the Central Bank of Nigeria on Thursday showed that the reserves stood at $47.697 billion on July 11, down from $47.799 billion on July 5. The reserves […]
Read More The nation’s foreign exchange reserves increased by $203.2 million in the six days to Wednesday, the latest data from the Central Bank of Nigeria showed on Thursday. The reserves, which stood at $47,425 billion on June 7, 2018, rose to $47.627 billion on June 13, after increasing for the first time in more than two […]
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Nigeria’s external reserves rose by $1.91 billion in the first two weeks of this month, a Central Bank of Nigeria’s report indicated on Friday. The foreign exchange reserves stood at $36.86bn as of December 14, up from $34.95 as of November 30, the latest data obtained from the CBN showed on Friday. The analysts at […]
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As the external reserves inched up to $34.3 billion last week, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has predicted 7 per cent rise in its accretion to reach $40 billion next year. According to the banking czar, who made the forecast at the weekend in Lagos during the annual […]
Read More The Deputy Governor, financial system stability, Central Bank of Nigeria (CBN), Dr.Joseph Nnanna, says the external reserves have hit $34 billion from $33.6 billion. Nnanna said the figure has been rising quickly, based on a 30-day moving average, since hitting the $32 billion mark on September 18. At the investiture of the Chartered Institute of […]
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The Nigeria’s Central Bank, yesterday, said the nations external reserves rose to $33 billion as at September 14, 2017, riding on the back of increased oil earnings. Governor of the bank, Godwin Emefiele, who spoke through the Acting Director, Corporate Communications of CBN, Isaac Okorafor, at the ongoing 24th seminar for Finance Correspondents and Business […]
Read More The nation’s external reserves continued its downward slide for the 20th day as it fell to $30.52 billion Thursday. However, the Naira yesterday appreciated by ₦3 against the dollar to ₦376 per dollar in the parallel market. Data posted by the Central Bank of Nigeria (CBN) on its website yesterday showed that the external reserve […]
Read More The country’s external reserves fell to a two-week low and the naira eased on the black market on Friday after the Central Bank of Nigeria pledged to step up dollar sales. This came just as the CBN said it would announce a new exchange rate for Bureau De Change Operators next week, Reuters reported. The […]
Read More The nation’s foreign exchange reserves, which had increased significantly in recent months to hit the $30bn mark, fell for the first time this year on Tuesday. Latest data from the Central Bank of Nigeria showed on Wednesday that the external reserves dropped to $30.349bn on Tuesday from $30.352bn on Monday. The reserves, which rose 17.4 […]
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The nation’s external reserves have risen by $4.7bn or 20 per cent in the past three months, according to the latest data from the Central Bank of Nigeria. Statistics on the CBN website on Sunday revealed that the foreign exchange reserves increased from $24.0bn on November 9, 2016 to $28.7bn on February 9, 2017. The […]
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