The Central Bank of Nigeria (CBN) has rubbished a report by JP Morgan on the status of Nigeria’s foreign reserves which sparked concerns over forex liquidity...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market...
Nigeria’s foreign reserves down by 1.86 per cent since President Bola Tinubu took over from Muhammadu Buhari on May 29, 2023. On May 26, Buhari’s last...
Amid the scarcity of Naira notes, Nigerians seem to be dumping the country’s currency for Dollar as the country’s external reserves went down by –1.97 per...
Nigerian external reserves dropped to $40.1 billion following the withdrawal of $400 million from the reserves by the Central Bank of Nigeria (CBN) in the month...
The Nigerian currency regained its lost value after a plunge on Tuesday at the Investors and Exporters Window. Data obtained from FMDQ showed Naira appreciated by...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Nigeria’s external reserves returned to growth in July gaining $123.3 million after months of consecutive declines. This is according to the latest figures obtained from the...
Nigeria’s foreign reserves fell by $2.3 billion in the first six months of 2021, despite an increase in oil prices, as foreign exchange pressure and subsidy...
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...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream business activities, while...
Nigeria’s foreign reserves fell by $50.83 million from $35.75 billion to $35.69 billion in the ten-day period between 2nd and 12th October 2020, data from the Central Bank...
The Central Bank of Nigeria (CBN) said it expects Nigeria’s international reserves, which opened at $38.100 billion in January to close the year anywhere between $29.9 billion and...
Nigeria’s foreign reserves advanced just at the marginal rate of 0.16% or $58.464 million in the one month period between 29th August and 29th September, data from the Central Bank...
Nigeria’s dollar reserves edged up by $140.90 million or 0.40% between 1st and 17th September, data from the central bank’s website showed on Monday. The current...
Nigeria’s foreign reserves increased by $70 million from $35.59 billion to $35.66 billion in the one week period between 20th and 27th August, data from the...
Nigeria’s foreign reserves fell by $115.26 million in the one week period between 4th and 11th June 2020, data obtained from the Central Bank of Nigeria...
The Central Bank of Nigeria, CBN, Tuesday, announced a new rise of the nation’s foreign reserves by $2.7bn after long-witnessing major decline for several months. According...
Nigeria’s foreign reserves expanded by $1.136 billion in the eleven-day period between 1st and 11th May 2020, compared to their balance of $33.521 billion at the end of...
Nigeria’s foreign reserves rose for the first time in eleven months after shedding about $11.25 billion, the latest figures from the Central Bank of Nigeria (CBN)...
Between 2nd January and 1st April this year, Nigeria’s foreign reserves declined by $3.02 billion or 7.83%, moving from $38.53 billion to $35.16 billion in between the periods. The country’s...
Nigeria’s foreign reserves will be completely exhausted in four years time if the current depletion rate persists. The Nigerian external reserves status has become a national...
Nigeria’s foreign reserves has continued its free fall, declining from $39.8 billion to $39.24 billion between 11 November and 13 December this year, the latest data...
A report by the Central Bank of Nigeria (CBN) on Thursday revealed that Nigeria’s foreign reserves fell by $1.26 billion from $41.76 billion in October 2...
The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said it is better to maintain stable exchange rate to avoid Naira depreciation than to...
Uncertainty is not a language of investment, rather, an enemy and speculative, says an economist, Uche Nwagbo. But in the last six months, uncertainty has rent...
The nation’s foreign exchange reserves have dropped below $46 billion, available data from the Central Bank of Nigeria (CBN) showed on Wednesday. The reserves, which stood...
The total value of capital importation into Nigeria dropped by $790 million in the second quarter of 2018, the largest decline in more than two years...
Nigeria’s foreign exchange reserves have dropped by over $1 billion in the last five weeks, available data from the Central Bank of Nigeria (CBN) showed on...
President Muhammadu Buhari said his administration has successfully cut down rice importation from other countries by 90% in 3 years. Buhari noted that this has helped...
One of the targets of the recently marketed Eurobond deal is to use the goodwill to shore up the Nigeria’s depleted foreign reserves and increase the...
There is no way Nigeria’s foreign reserves will not shrink as long more than 30 percent of the country’s earned foreign currency is used in importing fuel products annually, so says Finance Minister, Kemi Adeosun. She said also that food...
Nigeria may just be on the verge of overcoming its economic recession, which has been occasioned by a scarcity of dollars, due to dwindling oil revenues...
From $40 billion in 2014, Nigeria’s foreign reserve has shrunk to $26 billion, shedding more than 35 percent within a year and may be further depleted. The Federal Government has blamed the situation on poor earnings...
In spite of government’s hopes that the removal of subsidy on fuel products will shore up Nigeria’s foreign reserves, the external reserves dropped by about US$200...
