FX Reserves

NNPC Remits $0 to Forex Reserves from Crude Oil Sales—CBN

November 28, 2022

By Modupe Gbadeyanka The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has disclosed that the Nigerian National Petroleum Company (NNPC)

Economy

Nigeria to Bolster FX Reserves via Local Production of Bitumen

April 27, 2022

Aduragbemi Omiyale

By Aduragbemi Omiyale The external reserves of Nigeria may soon begin to make a steady journey northwards without looking back when the country fully

Economy

Nigeria’s FX Stockpiles Decrease by $224m in One Week

December 13, 2021

Dipo Olowookere

By Dipo Olowookere In one week, the foreign exchange (forex) reserves of Nigeria went down by $224 million or 0.54 per cent, data from

Economy

Nigeria’s FX Reserves Shrink by $192.1m in Seven Days

November 15, 2021

Business Post Contributor

By Ashemiriogwa Emmanuel For the second week, the foreign exchange (FX) reserves of Nigeria, Africa’s largest economy, shrank last week and this time, it