…As CBN boosts dollar sales to BDCs Nigeria’s foreign exchange (FX) reserves experienced a significant decline of $1.16 billion in January 2025, effectively reversing the $592.58 million gain recorded in December 2024. The latest data from the Central Bank of…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has revealed that Nigeria’s foreign exchange reserves have surpassed $40 billion, marking the highest level in over two and a half years. Cardoso made the announcement during a…
Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar bond. The gross FX reserves increased from $36.24 billion on September 2, 2024, to $36.87 billion by September 12, 2024.…
By Esther Agbo Nigeria’s foreign exchange reserves have climbed to $34.7 billion, as per data from the Central Bank of Nigeria’s website on Sunday. This marks a $110 million increase from the previous day’s figure of $34.5 billion. Over the…
By Sodiq Adelakun The FX reserves, which give the central bank the firepower to defend the naira, have come under the spotlight, with some experts saying the exact value of foreign currency-denominated assets on reserve is far less than the…
