Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria (CBN) announced the unification of the exchange rate to unify...
Nigeria’s external reserves fell to $38.882 billion, as the Central Bank of Nigeria (CBN) pumps foreign exchange into the forex market to defend the naira, as...
The value of the Nigerian Naira weakened further on Wednesday, making two straight days of losses and a complete reversal of gains recorded early in the...
Naira gained slightly against the U.S. dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday. Data from FMDQ securities...
Nigerian currency recorded a more impressive day on Tuesday, as Central Bank of Nigeria (CBN) announced an increase in foreign reserves. Data from FMDQ securities showed...
The Central Bank of Nigeria (CBN) has withdrawn over $485.4 million from Nigeria’s external reserves since the start of December. The money was withdrawn between December1st...
The Naira gained a pittance against the US dollar at the official market on Tuesday, after falling on Monday. According to data from the FMDQ securities...
The Nigeria government has revealed that Nigeria Excess Crude Account (ECA) dropped by 15.9 percent to N60.85 million as at the end of June 2021 from...
Nigeria’s currency, the naira is beginning the new week 0.20 percent weaker than it did last week in the parallel market segment. According to statistics uploaded...
Again, the value of the Nigerian naira tumbled to a new low on Thursday at the parallel market. The Nigerian currency declined by N2 to trade...
Nigeria’s external reserves continued its incessant free-fall for the ninth straight day, dropping by $393.8 million. According to data obtained from the website of the Central...
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s foreign exchange reserves rose by 0.17 percent in the month of April. Data obtained by Ripples...
Nigeria’s Naira gained slightly against the U.S. dollar at the official exchange market on Wednesday. This is as Nigeria’s external reserves dropped by $15.9 million in...
On Wednesday, Nigerian currrency, Naira appreciated to the dollar by 0.12 percent closing at the Investors and Exporters (I&E) where forex is traded officially. According to...
Nigeria’s external reserves have declined by 408.2 million in one week or 1.34 percent to $35.27 billion as of February 22, 2021 from $35.75 billion in...
Naira gained slightly against the United States dollar on Monday on the black market as the country’s foreign exchange reserves lost $437 million in the two...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Nigeria’s external reserves edged lower by $314.927 million from $36.214 billion on 28th June to $35.899 billion on 28th July 2020, equivalent to a 1% margin,...
President Muhammadu Buhari has said the country’s external reserves, which expanded from $33.42 billion on 29th April 2020 to around $36 billion in May 2020, is sufficient...
Nigeria’s external reserves expanded by $732.656 million or 2.1% in the one week period between 21st to 28th May 2020, data published by the Central Bank of Nigeria...
Between 1st January and 12th March this year, Nigeria’s external reserves shed the sum of $2.43 billion (about N888.165 billion) in value, data from the Central Bank of...
Nigeria’s foreign exchange reserves have dropped by $4.88 billion to reach its lowest level in more than seven (7) months, data from the Central Bank of...
Data released by the Central Bank of Nigeria (CBN) on Tuesday showed that Nigeria’s foreign exchange reserves fell by 4.9 per cent to $29.79bn on March...
