Posts Tagged ‘external reserves’

ECONOMY: Nigeria External Reserves Drop By $1.6bn in One Month

The 30-day moving average of Nigeria’s foreign external reserves has dropped by $1.67 billion from $45.046 billion at the beginning of July to $44.878 billion in early August. Statistics on the Central Bank of Nigeria (CBN) website showed that the external reserves which stood at $43.07 billion as at the beginning of the year rose […]

Nigeria’s External Reserves Hits $47.93 Billion

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on Sunday disclosed that the nation’s foreign reserves has hit US$47.93 billion. He also reiterated Nigeria’s positive growth outlook, noting that a growth of 2.5 per cent had been projected by the IMF and World Bank for Nigeria. “There is need to save for the raining […]

Nigeria, External Reserves , $46 Billion

Nigeria’s External Reserves Hits $46 Billion

ABUJA – 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 […]

External reserves climbs to $ 26.55 bn

The country’ s external reserves rose to $ 26.55 bn on January 9 , from $ 26.2 bn on January 6 , the latest data from the Central Bank of Nigeria showed on Tuesday. The foreign exchange reserves had hit $ 26 bn on January 3,2017, up from $ 25.8bn on December 30,2017, the CBN […]

BUHARI MAGIC | External Reserves Drops by $1.6bn in 6 Weeks

Nigeria’s external reserves have dropped further to a record-low of $24.8bn, according to the Central Bank of Nigeria’s website. The foreign exchange reserves fell by $600m in two weeks before shedding $1bn in four weeks. . The reserves fell from $25.8bn on August 16 to $24.8bn on September 16. It decreased by $600m from $25.4bn […]

External Reserves Drop by $30 Million, As Investors Flee

After weeks of gradual build-up, Nigeria’s external reserves have begun to deplete again, dropping by $30.23 million as foreign investors exit the Nigerian markets. The reserves had dropped to $27.858 billion within 11 days as at Friday, April 1, 2016 from $27.888 billion which it was on March 21, 2016. The reserves had gradually risen […]