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Farooq

Posts Tagged "foreign reserves"

HomePosts Tagged "foreign reserves"

By Feyi Fawehinmi, Contributor It was former president Obasanjo who started this whole business of turning the nation’s foreign reserves into an achievement to be celebrated. When Obasanjo took office in May 1999, Nigeria’s foreign reserves were just under $5bn. By the time he left in May 2007, it was $43bn. But beyond that, there was […]

  • CBN

By Babajide Komolafe THE nation’s external reserve will this month hit $35 billion, the highest in three years. The last time the nation had $35 billion external reserve was end of November 2014, when it dropped to $35.24 billion from $36.25 billion at end of October 2014. Indications to this emerge from the Central Bank […]

  • CBN

By Obinna Chima   The accretion of Nigeria’s foreign exchange (forex) reserves has continued, as figures released by the Central Bank of Nigeria (CBN) have shown that reserves had grown by $1.263 billion this quarter to $31.551 billion as of August 16, compared with the $30.288 billion on June 30. This signified a steady improvement […]

By Kayode Tokede Lagos — The nation’s foreign reserves reached U.S.$30.5 billion last week as a result of increased global oil prices, checks by LEADERSHIP on the Central Bank of Nigeria’s website have revealed. Data from Organization of Petroleum Exporting Countries (OPEC) revealed that basket of 14 crudes stood at $47.48 per barrel last week […]

LAGOS, June 30 (Reuters) – Nigeria’s foreign exchange reserve stood at $30.25 billion by June 28, down 0.36 percent from a month ago, central bank data showed on Friday. The reserves showed a 14.8 percent rise from a year ago, when they stood at $26.34 billion. Nigeria’s dollar reserves have risen slightly this year thanks to […]

Following its 800 million dollars intervention in the inter-bank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria (CBN), on Monday, injected 195 million dollars into the market to meet the requests of customers in the various segments of the market. The acting Director, Corporate Communications, Isaac Okorafor , said in a statement […]

Nigeria’s external reserves has dropped to $30.22 billion, despite consistent interventions to bolster the Naira at the foreign market. The figure, which is the lowest level in three months, was contained in Central Bank of Nigeria (CBN) website on Wednesday. CBN disclosed that external reserve dropped to $30.222 billion on Tuesday June 13th, representing a […]

The nation’s external reserve recorded its second monthly decline of $535 million last month. This came as the Central Bank of Nigeria (CBN) had intervened in the foreign exchange market by selling $6.84 billion from January to last month. According to the CBN, the external reserve fell from $30.864 billion at the end of April […]

  • dollar to naira

LAGOS May 31 (Reuters) – Nigeria’s foreign exchange reserves fell to $30.49 billion as of May 25, the lowest level since April 18 and down 0.87 percent from a month ago, central bank data showed on Wednesday. The forex reserves were up 15.27 percent year-on-year, the data showed. Africa’s biggest economy shrank by 1.5 percent […]

Nigeria’s foreign exchange reserves has shed a total of $493.72 million in the past 21 days. According to data from the Central Bank of Nigeria (CBN), the country’s reserves swung from $30,988,403,724 on May 4, 2017 to $30,494,680,050 as at the close of business on Thursday May 25. Within the same period, the CBN made […]