Nigeria External Reserve

Nigeria’s External Reserve Slumps Below $40bn, Hits 3-Month Low

News Rangers4 years ago4 years ago05 mins

LAGOS FEBRUARY 5TH (NEWSRANGERS)-Nigeria’s external reserve has fallen below the $40 billion threshold it had maintained in over three months. This is according to data from the Central Bank of Nigeria (CBN). The reserve had endured a continuous decline in recent months owing to the intervention of the apex bank in the official FX market…

Nigeria External Reserves Shrink By $1.51bn In 45 Days

News Rangers6 years ago6 years ago02 mins

LAGOS FEBRUARY 21ST (NEWSRANGERS)-Central Bank of Nigeria’s reserves data shows that the country’s external reserves have dropped by $1.51 billion within 45 days. The data was analysed based on the movement of the country’s external reserves between January 6 to February 18, 2020, as contained in the CBN data on the ‘movement in reserves’ According…

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