By Sodiq Adelakun Nigeria’s external reserves have declined by about $2.8 billion in the first half of 2023, reaching around $34.1 billion in June, due to weak crude oil output and a lack of foreign investor participation in the capital…
Nigeria’s external reserve has fallen below the $40 billion threshold it had maintained in over three months. This is according to data from the Central Bank of Nigeria (CBN). The reserve had endured a continuous decline in recent months owing…
Nigeria’s external reserve dropped by 0.07% on Tuesday, 1st February 2022 to close at $40.01 billion, which represents a decline of $27.36 million from the $40.04 billion recorded as of the previous day. The continuous decline in the country’s reserve…
Nigeria’s external reserve dipped $24.3 million in the first week of the year to close at $40.49 billion as of 7th January 2021. This represents a 0.06% decline when compared to $40.42 billion recorded as of the start of the…
Nigeria’s external reserve rose by $5.15 billion in 2021 to close at $40.52 billion as of 31st December 2021, representing a 14.5% rise compared to $35.37 billion recorded as of the end of the previous year. This is according to…
The Nigeria’s external reserve rose by $5.15billion in 2021 to close at $40.52billion as of 31st December 2021, representing a 14.5% rise compared to $35.37billion recorded as of the end of the previous year. This is according to data obtained…
The Central Bank of Nigeria reported Nigeria’s external reserve printed at $40.5 billion as of December 23rd, 2021, two days to Christmas. However, a closer look at the data suggests we are in one of the worse runs since 2019.…
