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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Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the nation’s foreign reserves have risen to $38.2 billion, its highest point in 39 months. Emefiele made this known on Tuesday while commissioning Unilever Plc’s 10,000 metric tonnes Blue Band factory in Agbara, Ogun state. “We have seen reserves move up from the $23 […]
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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 […]
Continue ReadingNigeria’s foreign reserves have dropped from $26.51 billion from the second quarter of 2016 to $24.74 billion in September.The minister of Budget and National Planning, Udoma Udo Udoma, made this known at the 57th annual conference of Nigeria Economic Society (NES) in Abuja on Tuesday, where he said Nigeria had revenue and foreign currency concentration […]
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