Foreign Reserves

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

The Central Bank of Nigeria (CBN) Director of Monetary Policy Department, Hassan Mahmud, said the report by JP Morgan on… Read More

8 months ago

Nigeria’s Foreign Reserves Drop 73.5%, Weakens CBN’s Effort To Defend Naira

Nigeria’s foreign reserves stood at $3.7 billion as of the end of 2022, JP Morgan, a US-based financial firm, has… Read More

8 months ago

Senate Directs CBN To Give Foreign Airlines 2% Of Foreign Reserves

The Senate has directed the Central Bank of Nigeria (CBN) to increase the foreign exchange allocation to foreign airlines operating… Read More

12 months ago

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

At the end of trading in the foreign exchange (forex) official market on Wednesday, 3 May, the Naira slumped to… Read More

12 months ago

Naira Gains, Drop In Foreign Reserves To Fuel Dollar Rate

The Naira to Dollar rate in the official market dropped by 0.04 per cent on Tuesday, 25 April 2023, as… Read More

1 year ago

Nigeria’s Foreign Reserves Fall By $1.58 billion, To Affect International Investments, Dollar Rate

Nigeria’s foreign reserves dropped by 4.27 per cent in the first quarter of 2023 as foreign capital importation into the… Read More

1 year ago

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

The dollar rate rose in the Bureau De Change window of the black market on Tuesday, 24 January 2023, as… Read More

1 year ago

Nigeria’s Foreign Reserves Drops To $37.09 billion, CBN’s MPC Member Makes Projection

Within 12 months, Nigeria’s foreign reserves fell by $3.43 billion in 2022. However, it increased towards the end of the… Read More

1 year ago

Govt Must Tackle Oil Theft To Stabilise Forex Rate, Reserves – Emefiele Reveals

For Nigeria's foreign reserves to rise and stabilise forex rate, the Federal Government must conclusively address the persistent challenge of… Read More

1 year ago

Peter Obi Reveals Why Nigeria Must Look Beyond Oil

The Presidential candidate of Labour Party, Peter Obi, said Nigeria must look beyond oil, a week after it was revealed… Read More

1 year ago

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