Tag Archives: reserves

Nigeria’s foreign reserves hit $40 billion mark

Nigeria’s foreign reserve crossed the $40 billion mark on 18th October 2021, after gaining $566.45 million on Monday to close at $40.39 billion. This is according to data obtained from the Central Bank of Nigeria (CBN). The nation’s foreign reserve grew by 1.42% on Monday from $39.82 billion recorded in the previous day. The recent gains in the country’s reserve ...

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Nigeria’s external reserves shrink by $522.5m- CBN

Nigeria’s external reserves have gone down by $522,525,964 in 16 days. According to recent figures on the Central Bank of Nigeria’s (CBN) website on the 1st of March, 2021 the external reserve was $34,998,144,389 but by March 16, it had shrunk to $34,475,618,425. Since January 25, 2021 when the reserve stood at $36,469,940,426.08, it has been on a steady decline ...

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