Nigeria’s external reserves hit a 29-month high on September 10 and closed at $41.167bn after recording $39.85bn on September 7. Data obtained from the Central Bank of Nigeria’s website on Wednesday showed that the foreign exchange reserves, which had been on the rise for over a month, increased by 12.74 […]

Nigeria’s external reserves have continued to plummet in the last three weeks, dropping by $837m to $36.931bn on June 25, from $37.768bn it stood at June 6, 2012. Latest figures released by the Central Bank of Nigeria showed that the reserves fell by $837m in 19 days. Forex reserves had […]