foreign reserves Archives

Nigeria’s foreign reserves hit $58.81bn, highest level since 2008

Nigeria’s foreign exchange reserves rose to $58.81 billion on October 12, 2026, their highest level since November 19, 2008, when reserves stood at approximately $58.91 billion. Data from the Central Bank of Nigeria showed that the reserves grew from $55.08 billion on October 9 to $58.81 billion on October 12, a gain of about $3.73 […]

aadelekepdnlimited-com
14th October 2026
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Economy

Why Nigerians should care about rising foreign reserves

For many Nigerians, the phrase “foreign reserves” sounds like something reserved for economists in air-conditioned offices in Abuja. But behind the technical term lies an issue that can affect the price of bread in Kano, the cost of fuel in Port Harcourt and the value of the naira in markets across the country. In simple […]

aadelekepdnlimited-com
21st September 2026
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Nigeria's external reserves dip by $4.28bn in 2023 - Report

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Nigeria’s foreign reserves drop sharply by $1.3bn in one month

Nigeria’s foreign exchange buffers have come under renewed pressure as the nation’s gross external reserves plummeted by $1.3 billion within a single 30-day window. This rapid drawdown comes at a critical juncture for the Central Bank of Nigeria, which has been aggressively deploying its reserves to defend the Naira and improve market liquidity. Nigeria’s gross […]

aadelekepdnlimited-com
16th April 2026
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Bankers oppose removal of retained earnings in CBN terms

News

Nigeria’s external reserves surge to $39.07bn – Cardoso

Nigeria’s external reserves have continued to grow, reaching $39.07 billion as of September 19, 2024. This increase reflects positive trends in foreign exchange inflows and ongoing efforts to stabilize the economy. This was disclosed by the Governor of the Central Bank of Nigeria, Yemi Cardoso, at a press briefing at the end of the 297th […]

monwubukepdnlimited-com
24th September 2024
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IMF backs CBN’s rate cut

Forex reserves provide buffer against global shocks –

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NAFDAC seizes fake packaging worth over ₦200m in Aba

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Tag: foreign reserves

Nigeria’s foreign reserves hit $58.81bn, highest level since 2008

Why Nigerians should care about rising foreign reserves

Nigeria’s foreign reserves drop sharply by $1.3bn in one month

Nigeria’s external reserves surge to $39.07bn – Cardoso

NAFDAC seizes fake packaging worth over ₦200m in.

NBA president to probe ₦100m Imo gift to.

FG begins 17.7MW Oyo mini-grids, rules out tariff.

Nigeria’s inflation eases to 14.63% in September, fourth.

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