By Seun Ibiyemi Nigeria’s foreign reserves have surpassed the $40 billion mark for the first time in nearly three years, signalling a crucial milestone in the country’s economic recovery efforts. The Governor of the Central Bank of Nigeria (CBN), Olayemi…
…As Coca-Cola plans to invest $1bn in Nigeria By Esther Agbo Nigeria has recorded a monthly net inflow of $2.35 billion into its foreign reserves, a development that is helping to stabilise the naira and strengthen the nation’s economic position,…
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…
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…
Nigeria’s foreign reserve dipped $485.41 million to settle at $40.66 billion from $41.15 billion as of 1 December 2021. This is according to the latest figures obtained from the Central Bank of Nigeria (CBN). In 2020 and 2019, a similar…
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…
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…
The Central Bank of Nigeria (CBN) has said the nation’s foreign reserves appreciated by $2.76 billion in the month of September 2021 to close at $36.78 billion as of the end of the month. This gain represents the highest monthly…
By Kayode Tokde At $36.6billion, the Nigeria’s foreign reserves hit over 20-month high amid steady increase in global oil price, increasing investment from Diaspora, among others sources. Foreign exchange reserves are assets held on reserve by a monetary authority in…
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,…
