foreign reserves

FG grows foreign reserves by $4bn — Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria’s foreign reserves grew by four billion dollars since January. Edun said this on Thursday in Lagos, at an investor meeting for the issuance of $500 million…

CBN’s foreign reserves decline by $2.2bn

Nigeria’s foreign reserves have fallen by $2.202 billion to $38.318 billion as of September 29, 2022, from $40.520 billion as of December 31, 2021. This is a 5.42% decrease in foreign reserves. Despite rising oil prices this year, Nigeria’s foreign…

Foreign reserves appreciate by $636.61m WoW

The Central Bank of Nigeria (CBN) has said the country’s foreign reserves appreciated by $636.61million in its week-on-week (WoW) performance to close at $41.75billion. Analysts have said the accretion in the foreign exchange buffer continued week following the inflows from…

Foreign reserves appreciate to $39.62bn

By Kayode Tokede The Central Bank of Nigeria (CBN) has said the country’s foreign exchange reserves appreciated to $39.62billion as at October 14, 2021. The recent increase in the reserve position, which has continued since 25th of August, is in…

Foreign Reserves increase to $34.18bn — CBN

By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the country’s foreign reserves increased to $34.18billion as at September 2, 2021. Analysts at Cordros capital in a report said the foreign exchange reserve sustained its weekly accretion,…