Browsing: External Reserves

Nigeria’s gross external reserves topped $53 billion, driven by sustained FX inflows from sources

Nigeria’s Gross External Reserves Grow by $5 Billion in Q3 Nigeria’s foreign reserves increased by more than $4 billion in…

Naira Gains as Nigeria’s External Reserves Hit 6-Month High The naira gained against the US dollar at the Central Bank…

Nigeria’s External Reserves Grow by $2.15bn in 30-Day Nigeria’s gross external reserves balance climbed strongly, up by about $2.15 billion…

It was a tough week for the Nigerian naira across the foreign exchange (FX) markets as the local currency lost

Rising foreign currency (FX) obligations posed a big threat to Nigeria’s external reserves

FPI Scarcity: Analysts Estimate $7.8bn drops in External Reserves
FX Rates: ARM Securities sees limited downside risk in 2020
Analysts Anticipate Pressure on Nigeria’s FX Position
Foreign Investors Repatriation Risk to Impacts Inflow

CBN launch 5-Year Contracts to boost FX inflow as average T-Bill yields drop. The Central Bank of Nigeria has introduced forty seven new monthly future contracts to boost foreign exchange inflows.

Unease as external reserves fall to $37.66bn, edge toward resistance level. The latest figure on the Central Bank of Nigeria website

External reserves fell $57.6 million in January, edge toward resistance level. Weak inflow, high usage of dollar inflow into the nation’s external reserve has reduced the external buffer for defending the Nigeria’s local currency, naira.