The nation’s foreign exchange reserves have fallen to $42.86 billion, the lowest level in two months, the latest data from the Central Bank of Nigeria showed on Sunday. The reserves, which stood at $43.174 billion on January 31, dropped by $314 million in two weeks to $42.86 billion on February 14. The external reserves had […]
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Presidential Spokesman, Mr Femi Adesina says that Nigeria’s trade balance increased from deficit in 2016. Adesina, the Special Adviser on Media and Publicity, made this known when he unveiled 17 achievements of the President Muhammadu Buhari’s administration in 2017. According to him, Nigeria’s foreign exchange reserves grew by 12 billion dollars, reaching the highest level […]
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The Central Bank of Nigeria (CBN) yesterday said that the nation’s external reserves have risen to $34.9 billion, the highest in 30 months, driven by increased investor confidence in the Nigerian economy. Reflecting the rising confidence in the Nigerian economy, foreign investors injected $18.7 billion through the Investors and Exporters (I&E) window in seven months […]
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Nigeria’s external reserves have risen to the highest level in almost three years as it hit $33.11 billion last Thursday, data from the Central Bank of Nigeria(CBN) has shown. That development has put the country’s reserves back at a level not seen since December 2014. Last month, the reserves stood at $33 billion as at […]
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Nigeria’s foreign exchange reserves have stood at a 30-month high at $31.59 billion, as at August 18; the Central Bank of Nigeria data revealed. Nigeria’s dollar reserves have climbed back to a level they last reached in January 2015, shortly before the general elections. The bank, however, did not provide the reason for the increase. […]
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The Nigeria foreign exchange reserves have risen further to $25.4 billion, according to the reports from the website of the Central Bank of Nigeria. In less than one week, the reserves rose by almost $300 million from $25.084bn recorded on December 16, 2016 to $25.361 on December 22, 2016, the CBN data showed This indicated that the […]
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