Nigeria’s Foreign Reserves Hit $55.25bn, Highest in 18 Years
Nigeria’s gross foreign exchange reserves rose to $55.25 billion as of September 18, 2026, the highest level in 18 years, ...
Tag: Balance of Payments
Three Months On, CBN’s Remittance Rules Tighten Oversight of Diaspora Flows
Three months after the Central Bank of Nigeria’s new remittance settlement rules took effect, the reform is tightening regulatory oversight ...
Oil Exports Push Nigeria’s Current Account Surplus to $4.98 Billion
Nigeria recorded a current account surplus of $4.98 billion, underscoring the pivotal role of crude oil exports in supporting the ...
Nigeria Becomes Net Petrol Exporter as Dangote Refinery Ships 44,000 bpd
Nigeria has become a net exporter of petrol for the first time in decades, as the Dangote Refinery shipped approximately ...
CBN Tightens Remittance Rules
The Central Bank of Nigeria has introduced stricter guidelines governing international money transfers, requiring remittance service providers to channel all ...
Nigeria’s Current Account Surplus Plunges 65% in Q4 2025
Nigeria’s current account surplus fell sharply by 65.5% to $1.4 billion in Q4 2025, down from $4.06 billion in Q3, ...
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