Nigeria’s financial markets were in a tailspin at the weekend amid concerns over macroeconomic outlook and dodgy currency risks. Consequently, the naira fell across the official...
By FBNQuest Analysts Our chart today, drawn from data from the CBN shows that Nigeria’s gross external reserves increased marginally by $64m to $39.2bn in July....
Nigeria’s foreign exchange (FX) reserve sustained its descent for the fifth consecutive week, decreasing to its lowest level since 8th October 2021, hitting eight-month bottom. Precisely,...
The country’s external or foreign reserves hit a seven-month low after falling to $38.57bn as of May 25, 2022, figures obtained from the Central Bank of...
There was respite for naira, the country’s local currency after the Nigeria’s foreign reserves added $84.25 million to hit $39.635 billion last week. Business Metrics found...
Despite oil rally, Nigeria’s foreign reserves dipped by $145.51 million week-on-week to close at $39.52 billion as at March 24, latest data obtained from the Central...
For the third consecutive week, Nigeria’s FX reserves nosedived by losing $102.58 million to close last week at $41.41 billion. According to experts, the sustained downtrend...
Nigeria’s foreign exchange reserve sustained its decline as the Central Bank of Nigeria (CBN) stepped up its interventions in the FX market. Thus, the gross reserves...
Latest data by the Central Bank of Nigeria showed the country’s foreign reserves surged by $943.48 million week-on-week to touch $40.76 billion as at October 20....
CBN foreign reserves dip by $111.56 million in one week Nigeria’s FX reserves sustained its decline for the fourth consecutive week, as it dipped...
