Browsing Tag

External Reserves

Nigeria’s External Reserves Climb To $46 Billion

The Central Bank of Nigeria (CBN) says Nigeria’s External Reserves is steadily growing and currently stands at 46 billion dollars. CBN Spokesman, Isaac Okoroafor, said in a statement on Sunday that the reserves grew by about 3.2 billion dollars between February and March 2018. He said that the reserves at the beginning of 2018 stood at 39.3 billion dollars, then rose to 42.8 dollars in February before hitting the new high of 46 billion dollars. Okoroafor attributed the continued accretion to the country’s reserves…

EXCLUSIVE: Nigeria’s Foreign Reserve Hits $42bn

Nigeria’s external reserve has risen further to $42 billion from the previous amount of $40.4 billion in January, 2018, The WHISTLER can exclusively report. A top official of the Central Bank of Nigeria (CBN), who spoke to this medium on the condition anonymity, said the further rise was due to a steady climb in the price of crude oil in the international market. “More than $1.5 billion has been added to Nigeria’s external reserves just between January 5 to date. The Federal Government can expect to continue to witness…