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Nigeria's Foreign Reserves

Business·Currency·Markets

Naira Ends Week Flat At Official Market As Foreign Reserves Rise

The Nigerian naira recorded a mixed performance across foreign exchange market windows on Friday, 25 July 2025. While it closed flat at the official market, the local currency weakened at the parallel (black) market. The Central Bank of Nigeria (CBN) foreign exchange

July 26, 2025

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·Finance & Economy·News

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

Nigeria’s external reserves have increased to $37.05 billion as of July 18, 2024. This amounts to $2.35 billion or 6.7 per cent increase from $34.70 billion in June 2024. This was revealed by the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso,

July 23, 2024

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Nigeria’s FX Reserves Drop By $2.16bn In 29 Days

Nigeria’s foreign exchange (FX) reserves are taking a sharp nosedive, with a decrease of approximately $2.16 billion over a span of 29 days, despite the Central Bank of Nigeria (CBN) striving to keep the naira stable. The latest data from the CBN,

April 17, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Nigeria’s Foreign Reserves Dip By $77.23m Amid FX Crisis

In the ongoing battle to stabilize Nigeria's foreign reserves, figures from the Central Bank of Nigeria revealed a decline of about $77.23 million

January 3, 2024

Naira Falls To ₦1,530/$ At Official Market After Public Holiday

Business·Currency·News

Nigeria’s Foreign Reserves Hit Six-Year Low At $32.87bn As Naira Struggles

Nigeria’s economic landscape faces fresh turmoil as the country’s foreign exchange reserves hit a bleak low, recording $32.87 billion at December’s close, marking a six-year nadir. The data, revealed via the Central Bank of Nigeria’s website, signals a concerning trend, indicating a

December 29, 2023

Naira Rises To N1,500/$ At Official Market

Naira Rises To N1,500/$ At Official Market

The Nigerian naira has appreciated against the U.S. Dollar for

Bitcoins

Bitcoin Steady Above USD 114,000 as Markets Await CPI Release

The PPI fell 0.1% in August, its first drop in

‘Global Markets Surge, But Caution Is Critical As Valuations Stretch’

In the US, the S&P 500 has pushed to fresh

Gold remains too hot to chase, too hot to short

Gold Remains Too Hot To Chase, Too Hot to Short!

Gold performance is largely due to the US dollar's 10%

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