Nigeria may be heading for a challenging time ahead in 2024 and 2025 if the latest reports by the International Monetary Fund (IMF) is anything to...
Foreign exchange (Forex) scarcity will persist in Nigeria as the country’s external reserves fell to the lowest level since August 2021, data from the Central Bank...
The external reserves fell in January 2023, extending its downward movement from the year before, as foreign investors remained on the sidelines. According to data from...
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...
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 foreign reserves had increased by $1.40 billion in the last seven days, according to the Central Bank of Nigeria. The data for the last seven...
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 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...
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 foreign reserves depleted by $454 million from $36.572 billion to $36.118 billion in the 45-day period between 1st June and 15th July, latest data from...
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 foreign reserves slumped from $36.57 billion to $36.2 billion in the period between 1st and 29th June, equivalent to a depletion of $373.23 million, data...
Nigeria’s foreign reserves shrank by $5.09 billion from $38.53 billion to $33.44 billion in the nearly four-month period between 2nd January and 28th April 2020, the...
Figures released by the Central Bank of Nigeria (CBN) have shown that Nigeria’s foreign reserves rose by $1.518bn from $41.523bn on November 22 to $43.041bn as...
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...
Nigeria’s foreign reserves have risen to $40.4 billion, the highest level dating back to October 2014. The figure represents an increase of about $1 billion between...
The Nigerian economy is facing huge financial haemorrhage as politicians, corporate bodies and foreign investors are moving funds massively out of the country as well as...
