Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the recovery of the naira has little or nothing to do with the country’s foreign reserves decline. Cardoso spoke
Tag "Foreign Reserves"
Nigeria’s foreign exchange reserves dropped to $33.23 billion at the end of the third quarter (Q3) of 2023, according to data obtained from the Central Bank of Nigeria (CBN). The
Wale Edun, the minister of finance, has linked the continued decline in the value of the naira to overdue forward payments of $6.8 billion, Bloomberg is reporting. Forward payment in
The Central Bank of Nigeria (CBN) says Nigeria’s foreign exchange reserves rose from $34.94 billion in November 2020 to $36.23
The Central Bank of Nigeria (CBN) says Nigeria’s foreign reserves will drop below $34.3 billion by the end of December
The naira started Wednesday’s trading day 6.2 percent lower against the dollar at N385 on the official market, Reuters is
The Central Bank of Nigeria (CBN) says there is no cause for alarm over the country’s dwindling foreign reserves. Speaking