Nigeria’s external reserves have declined by $850 million within three weeks, according to data from the Central Bank of Nigeria…
Browsing: Foreign reserves
Nigeria’s foreign reserves fell by $547 million within 15 days in March 2026, signalling renewed pressure on the country’s external…
The naira depreciated marginally to N1,383.5/$ on Tuesday from N1,383/$ on Monday, as declining external reserves and cautious global sentiment…
Nigeria’s foreign exchange reserves have climbed to $48.5 billion, the highest level since May 2013, underscoring a sustained rebuilding of…
On Tuesday, the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, said the country’s foreign reserves rose by 12.74 per cent to $39.12 billion as of October 11.
The big issue, Prof. Ekekwe lamented, was the borrowing of “$billions from US banks, and securing/collateralizing the loans with the national foreign reserves or other asset classes, without informing the Nigerian people and the National Assembly.”