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Tag: Foreign Reserve

Forex market intervention

Nigeria’s foreign reserve on the rise again

November 28, 2018November 28, 2018Ayo Olowo

Nigeria’s foreign reserve is on the rise again. This is coming after the nation lost a record $2.1 billion in 30 days, Statistics from the Central Bank of Nigeria, showed that Nigeria’s reserve surged by over $230 million between November 23 and 26, 2018. As at Monday, November 26, the reserves stood at $41,829,552,421 — […]

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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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