Nigeria’s Foreign Reserves Drop by $855m Amid Rising FX Pressure
Nigeria’s external reserves recorded a sharp decline of about $855 million within five weeks, raising fresh concerns over pressure on the country’s foreign exchange market despite...
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Nigeria’s external reserves recorded a sharp decline of about $855 million within five weeks, raising fresh concerns over pressure on the country’s foreign exchange market despite...
Nigeria’s foreign exchange reserves recorded a fresh boost in May 2026, climbing by more than $551 million within three weeks as pressure on the country’s external liquidity positi...
Nigeria’s external reserves could decline to $47 billion by the end of 2026 as rising spending needs and external risks put pressure on the country’s foreign currency buffer. T...
Nigeria’s external reserves have come under fresh pressure, dropping by about $850 million within three weeks as foreign exchange demand intensifies and fiscal spending linked to t...
Though there is a slight drop from what was recorded in February, the CBN said at the press briefing that Nigeria's external reserves remained robust. The post Nigeria’s gross exte...
Nigeria’s currency came under fresh pressure on Tuesday, weakening to N1,389 against the dollar as external reserves dropped by about $850 million within three weeks, according to...
Nigeria’s currency came under fresh pressure last week as the naira weakened slightly against the United States dollar in both the official and parallel foreign exchange markets de...
The naira weakened at the official foreign exchange market last week, closing at N1,358.44 to the dollar, as pressure mounted on Nigeria’s external position and reserve levels decl...
Nigeria’s currency weakened again in the official market, settling around N1,355 to the dollar as pressure in the foreign exchange space persists. Latest figures from the Central B...
Former Vice President Atiku Abubakar has raised the alarm over the continued decline in Nigeria’s external reserves despite a huge crude oil windfall due to the Middle East crisis....
The naira extended its losing streak at the official market on Monday, closing at N1,369 to the dollar, its weakest level in weeks, as pressure on Nigeria’s foreign exchange market...
Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 percent increase in export receip
The naira slipped further in the official market on Tuesday, closing at N1,383 to the dollar as pressure in Nigeria’s foreign exchange space continued to build. Central Bank of Nig...
New data shows Nigeria export of 55.39 million barrels of crude oil underscores ongoing supply shortfalls.
• UN Deputy Chief, Amina Mohammed says Nigeria’s reforms showing early gains, warns rising inequality threatening progress •Fund warns country’s limited fiscal space weakens respo...
•Net inflow through CBN falls 18% By Elizabeth Adegbesan Nigeria recorded a 11.4 percent year-on-year (YoY) increase in net foreign exchange inflow in 2025 to $66.23 billion fro...
According to Mr Cardoso, the apex bank recorded an average daily turnover of about $100 million in late 2023 when he assumed office, but the figure has now increased significantly...
Nigeria’s currency is feeling a bit of pressure again. Early Thursday trading saw the naira dip slightly at the official window, with rates hovering around ₦1,351 per dollar on the...
Nigeria’s foreign exchange market showed greater stability in April 2026 as the naira strengthened against the United States dollar, supported by aggressive liquidity-control measu...
The Nigerian naira continued its upward movement against the United States dollar, closing closer to the N1,350 benchmark in the official foreign exchange market as renewed investo...
The Nigerian naira posted modest gains against the US dollar on both the official and parallel markets on Thursday, May 7, 2026, supported by improved foreign exchange supply and o...
• Dangote Refinery export push offers rare upside •Oil price surge deepens pressure on 29 African currencies •Troubled region accounts for 15.8% of Africa’s imports Emmanuel Adde...
The naira gained almost N10, closing at N1,357 per dollar, compared to N1,375.5/$ at the beginning of May. This means the naira improved by about 1.2% within one week.
The Nigerian naira continued its upward movement against the United States dollar on Wednesday, edging closer to the N1,350 exchange rate mark in the official foreign exchange mark...
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