CBN foreign reserves Archives

‘External reserves are falling’ — Emefiele says Nigeria no longer earning FX from crude oil

The Central Bank of Nigeria(CBN) says the country’s external reserves no longer come from selling crude oil. Godwin Emefiele disclosed this at the 57th annual bankers’ lecture organised by the

Nigeria’s external reserve slips to 8-month low

Nigeria’s foreign reserves plummeted further at $34.85 billion on December 14, as the Central Bank of Nigeria (CBN) continues its interventions across the various foreign exchange (FX) windows despite declining

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Foreign reserves add $1bn in less than a month

Nigeria’s foreign exchange reserves have added $1 billion from the $46.2 billion recorded in March, according to figures made available by the Central Bank of Nigeria (CBN). Speaking at the

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