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Tag: External Reserves

Central Bank of Nigeria (CBN)

Nigeria’s external reserves hit $46 billion

March 11, 2018Eben Tanimola

Nigeria’s External Reserves are steadily heading towards the $50 billion mark, berthing at $46 billion as at the close of business on Friday, March 9, 2018. Figures obtained from the Central Bank of Nigeria (CBN) at the weekend indicate that the reserves grew by about $3.2 billion between February and March 2018. The reserves at […]

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Forex market intervention

Nigeria’s foreign reserves move up to $43.2bn

March 8, 2018March 8, 2018Ayo Olowo

Data obtained from the Central Bank of Nigeria showed on Wednesday, showed that Nigeria’s foreign reserves hit $43.2bn on March 6, 2018. The foreign exchange reserves had recorded a four-year high at $42.76bn on March 2, after commencing this year at $38.77bn. The foreign reserves have gained about $3.99bn or 10.3 per cent this year. […]

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Forex market intervention

Nigeria’s external reserves hit $35 billion

November 26, 2017Eben Tanimola

President Muhammadu Buhari has declared that Nigeria’s external reserves has hit $35 billion. Buhari who was represented by Vice-President Yemi Osinbajo, stated this on Saturday in Jos, at the graduation of 66 participants in the 2017 Senior Executive Course 39 of the National Institute for Policy and Strategic Studies in Kuru. He said the country […]

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