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All posts tagged "external reserves"

  • External reserves not declining – CBN

    Contrary to the recent drop in the value of the nation’s external reserves, the Central Bank of Nigeria on Monday dismissed claims that the reserves were experiencing sharp decline, adding that the current value of $46bn showed...

    • Posted September 11, 2013
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  • External reserves stand at $46.9b

    The Central Bank of Nigeria (CBN), on Wednesday, said the nation’s external reserves stood at 46.89 billion dollars on August 26 According to the CBN, out of the sum, 45.67 billion dollars was in liquid form, while...

    • Posted August 29, 2013
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  • Naira records highest gain in 18 months

    The naira recorded its highest gain in 18 months on Monday, snapping four days of decline as the Central Bank of Nigeria sold $300m in its Wholesale Dutch Auction System market. The currency strengthened by 1.6 per...

    • Posted June 18, 2013
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  • Increasing external debt is inimical to the economy – Nzekwe

    Dr Samuel Nzekwe, a former President, Finance Houses Association of Nigeria (FHAN), on Tuesday said that the rising external debts of Nigeria could lead to further depreciation of the naira. The Debt Management Office (DMO) has put...

    • Posted May 15, 2013
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  • Nigeria’s external reserves still above $48billion – Central Bank

    The Central Bank of Nigeria, CBN, yesterday, said Nigeria’s external reserves stood at 48.76 billion dollars (N75.57 trillion) as at April 16. The apex bank disclosed this on its website. According to the CBN, the figure represented...

    • Posted April 19, 2013
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