EXTERNAL RESERVES Archives - The Glitters Online

Nigeria’s Reserves Hit $54bn, Highest In 18 Years

Kazeem Tunde — Sat, 05 Sep 2026 10:32:46 +0000

Nigeria’s Reserves Hit $54bn, Highest In 18 Years Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years and moving further above the Central Bank of Nigeria’s (CBN) projection for the end of 2026. Latest CBN data showed that the reserves reached $54.08 billion on September 3, compared […]

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External Reserves May Rise To $45bn By December

Kazeem Tunde — Tue, 26 Aug 2025 05:34:05 +0000

External Reserves May Rise To $45bn By December Analysts have projected that Nigeria’s external reserves would rise to about $45bn by the end of the year, thus strengthening the ability of the Central Bank of Nigeria to provide a buffer for the foreign exchange market and general economy. This projection followed the rise of […]

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External Reserves Grow By $424.68m – Report

Kazeem Tunde — Sat, 14 Sep 2024 05:06:52 +0000

External Reserves Grow By $424.68m – Report Nigeria’s external reserves recorded an increase of $424.68 million between August 30 and September 10, highlighting an improved financial outlook for the country. Data sourced from a report by the Central Bank of Nigeria and analysed on Thursday showed the rise in the country’s foreign exchange reserves. […]

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Devaluation: External Reserves Fall $1.65bn In Six Months

Kazeem Tunde — Wed, 06 Dec 2023 12:30:37 +0000

Devaluation: External Reserves Fall $1.65bn In Six Months Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria tried to unify the country’s foreign exchange rates. On June 14, the apex bank asked Deposit Money Banks to remove the rate cap on the naira at the official Investors […]

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External Reserves Fall By $427m In One Month – CBN

Kazeem Tunde — Tue, 21 Feb 2023 05:20:12 +0000

External Reserves Fall By $427m In One Month – CBN The country’s external reserves fell by $427.14m in one month, figures obtained from the Central Bank of Nigeria revealed on Monday. This is as the crisis in the country’s currency worsened over the scarcity of the new naira notes. Figures obtained from the CBN […]

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External Reserves Fell By $3.43bn In 2022- Report

Kazeem Tunde — Tue, 03 Jan 2023 05:41:59 +0000

External Reserves Fell By $3.43bn In 2022- Report Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed in its movement on external reserves figures that the reserves which stood at $40.52bn as of the end of December 31, 2021, ended December 29, […]

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External Reserves Slides To Four Months Low At $39.98bn

Kazeem Tunde — Mon, 07 Feb 2022 05:20:15 +0000

External Reserves Slides To Four Months Low At $39.98bn The external reserves have fallen below the $40bn mark to the lowest point in over three months, figures from the Central Bank of Nigeria have revealed. The reserves dropped to $39.82bn on February 2, 2022 from $40.53bn as of December 30, 2021. The country’s external reserves […]

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