Nigeria’s Foreign Reserves Hit $53bn, Nearing 17-Year High
Nigeria’s foreign exchange reserves have climbed above the $53 billion mark for the first time in more than 17 years, ...
Tag: External Reserves
Nigeria’s Foreign Reserves Jump to $52.66bn in 2026
Nigeria’s external reserves have recorded a strong increase in 2026, gaining $7.09 billion since the beginning of the year as ...
Lower Dollar Demand Gives Naira a Lift in April
Demand for foreign exchange in Nigeria dropped sharply in April 2026, giving the naira some breathing space and helping to ...
Naira Strengthens to ₦1,350/$ as FX Turnover Surges
The Nigerian naira strengthened to about ₦1,350 per dollar at the official foreign exchange market on Monday, reaching its strongest ...
Inside CBN’s August Liquidity Reset
Nigeria’s central bank has loosened key restrictions on banks’ access to liquidity while reviving longer-term repurchase operations, giving financial institutions ...
Naira Slips to N1,364.89 as Dollar Trading Activity Falls
The naira recorded a slight decline against the United States dollar on Tuesday as activity in Nigeria’s official foreign exchange ...
Nigeria’s Foreign Exchange Inflows Climb to $109.9 Billion as Non-Oil Earnings Gain Strength
Nigeria recorded a major improvement in its foreign exchange earnings in 2025, with total inflows rising to $109.86 billion, according ...
Nigeria’s Foreign Investment Gap Widens as External Liabilities Climb to $90.2 Billion
Nigeria’s net foreign liability position increased by $7.5 billion in 2025, reaching $90.2 billion, according to the latest International Investment ...
Naira Strengthens Against Dollar as FX Liquidity Lifts Official Market
The Nigerian naira strengthened against the US dollar in the official foreign exchange market in July 2026, supported by improved ...
Naira Holds at N1,382/$ as Nigeria’s External Reserves Surpass $51 Billion
The Nigerian naira traded largely unchanged at N1,382.33 per US dollar in the Nigerian Foreign Exchange Market (NFEM) on Monday, ...
