The nation’s external reserves are on the rise again. It has hit $47.1bn, according to the latest report from the Central Bank of Nigeria. Last week, the foreign reserves dropped by $1.8bn from the peak of $48.85bn on May 2 to $46.98bn on August 5. The external reserves, however, rose […]
Tag: External Reserve
External reserves dropped by $1.8bn in three months
The nation’s external reserves have dropped by $1.8bn within the space of three months, according to the latest data from the Central Bank of Nigeria. The data posted on the CBN’s website on Tuesday showed that the foreign reserves dropped by $1.8bn from the peak of $48.85bn on May 2 […]
Nigeria Reports US$47.88 billion Total External Reserves in Q1 2013
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) has reported US$47.88 billion total external reserves in the first quarter of 2013. The CBN in its external sector statistics monitor Q1 2013 reported that the level of external reserves as at end-March, 2013 stood at US$47.88 billion compared […]
