External reserve Archives

Nigeria’s External Reserves Rise To $46 bn

March 12, 2018 0

The Central Bank of Nigeria (CBN) says Nigeria’s External Reserves is steadily growing and currently stands at $46 billion. The CBN spokesman, Isaac Okoroafor, said in a statement on Sunday that the reserves grew by about $3.2 billion between February and March 2018. He said that the reserves at the beginning of 2018 stood at $39.3 billion, then rose to …

External reserve drops by $50m as .as Naira rises to N383/$

May 10, 2017 0

The nation’s external reserve on Monday dropped by $50 million, the first time in six weeks. Since March 28th, the external reserve has been on the upward trend rising from $30.3 billion to $30.983 billion Friday last week. Data posted by the CBN on its website show that the rising trend was halted on Monday, when the reserve dropped to …