External reserves

External reserves shed $167.2m as naira slumps

By Sodiq Adelakun Amid the economic downturn, Nigeria’s external reserves  lost $167.2million in July as the Naira fell further to the dollar. Figures obtained from the Central Bank of Nigeria on movement of external reserves showed that the reserves which…

External reserves gain $679.12m in one month

Nigeria’s external reserves returned to a growth path after gaining $679.12million in June. Figures obtained from the Central Bank of Nigeria revealed that the reserves, which stood at $38.48billion as of June 2, 2022, rose to $39.16billion as of the…