Tags : External reserve

External Reserves Grow To $39.3bn

According to the central bank of Nigeria, the country’s external reserves have gained $923 million in the past four weeks, reversing the several months of downward trend. It had declined steadily to $38.421 billion on June 6th, 2022 from $40.52 billion at the end of December 2021, translating to  N2.1 billion or 5.1 per cent […]Read More

Nigeria’s Reserves Drop To $39.5bn 

Nigeria’s foreign reserves stood at $38.483bn by May 31, 2022, declining by five per cent from $40.521bn reported by end of December 2021. According to an analysis from the Central Bank of Nigeria’s by the end of April 2022, Nigeria’s foreign reserves stood at $39.579 billion, having declined by 2.3 per cent since December 2021. […]Read More

External Reserves Gain $243.83m 

According to figures obtained from the Central Bank of Nigeria, Nigeria’s external reserves rose by $243.83m in 19 days. The CBN revealed in its data on movement in reserves that the value rose from $39.54bn as of April 1, 2022 to $39.78bn as of April 19, 2022. The external reserves fell by $313m in March, […]Read More

External Reserves Loses $313m

According to figures obtained from the Central Bank of Nigeria, Nigeria’s external reserves fell by $313 million in March 2022. The CBN’s figures showed that the foreign exchange reserves, which commenced March 1, 2022, at $39.86billion, fell to $39.55billion as of March 30, 2022. Following the invasion of Ukraine by Russian forces, crude oil prices […]Read More

External Reserves Drop To $39.98bn

Figures from the Central Bank of Nigeria have revealed that the external reserves have fallen below the $40bn mark to the lowest point in over three months . The reserves dropped to $39.82bn on February 2, 2022 from $40.53bn as of December 30, 2021. According to CBN data, the country’s external reserves had jumped from […]Read More

External Reserves Drop First Week Of January

According to data from the Central Bank of Nigeria (CBN) on daily reserve movements, Nigeria’s external reserves dipped $24.3 million in the first week of 2022 to close at $40.49 billion as of 7 January 2021. This represents a 0.06% decline when compared to $40.42 billion recorded as of the start of the week. The […]Read More

External reserves gained $5.12bn in 2021

According to the data obtained from the Central Bank of Nigeria, the country’s external reserves rose by $5.12bn in 2021. CBN revealed that the reserves, which ended December 2020 at $35.37bn, rose to $40.53bn as of December 30, 2021. The data showed that the external reserves, which fluctuated during the period under review, received boosts […]Read More

External reserves lost $610m in November

The Central Bank of Nigeria has revealed that the nation’s external reserves fell by $610m last month. The figures obtained from the apex bank showed that the reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29. The CBN also disclosed that at the present level, the external reserves could meet the […]Read More

External Reserves Gained $2.4bn In September

   The  Central Bank of Nigeria has said that the country’s external reserves rose by $2.4bn in September. CBN said that the reserves which stood at $34.02bn as of the end of August rose to $36.41bn as of September 2021. At the last Monetary Policy Committee meeting, the Central Bank Governor, Godwin Emfiele, said, “The […]Read More

External Reserves Rise To $33.59bn

Nigeria’s foreign exchange reserves have risen to $33.59billion –the highest level in more than a month. The forex reserves, which fell to a record low of $33.09bn on July 12, had gained $500m in almost a month to close at $33.59bn on August 10. According to the latest data from the Central Bank of Nigeria, […]Read More