Foreign Reserves

Nigeria’s President, Bola Ahmed Tinubu, has disclosed that the nation’s foreign reserve now stands at $37b, following his administration’s commitment to meet all obligations and pay bills. The President made this known on Tuesday,…

Nigeria’s foreign reserves dropped to $38.483bn by May 31, 2022, a five percent decline from $40.521bn reported by the end of December 2021, data on the Central Bank of Nigeria’s website has indicated. Foreign reserves are assets held on…

Nigeria’s external reserves fell by $100 million in three days, from June 26 to June 28, as the figures continued to witness historic depletion. According to data sourced from the Central Bank of Nigeria (CBN), the gross reserves have…