Browsing Tag
Foreign Reserves
8 posts
Naira strengthens against USD in official market for August 12, 2026
The Naira gained value in the official market on Wednesday, reaching N1,360.58 per dollar, while foreign reserves rose to $52.17 billion.
Nigerian Naira Shows Strength Against Dollar on August 10, 2026
The naira strengthened against the dollar in official markets on August 10, 2026, while remaining stable in the parallel market.
Nigeria Records 17-Year Peak in Foreign Reserves at $52.5 Billion
Nigeria's foreign reserves have climbed to $52.5 billion, a 17-year high, driven by successful economic reforms and increased investor confidence, according to the Central Bank of Nigeria.
Nigeria Foreign Reserves Hit 17-Year High, Surpassing CBN Yearly Goal
Nigeria's foreign reserves reached a 17-year high of $52.5 billion, exceeding the Central Bank of Nigeria's annual goal due to bolstered investor confidence and successful policy reforms.
Vice President Shettima Backs Tinubu’s Economic Reforms
Vice-President Kashim Shettima argues that President Tinubu's economic policies have successfully grown foreign reserves and attracted new investment, meriting praise rather than criticism.
Central Bank of Nigeria keeps interest rate at 26.5% amid geopolitical concerns
The CBN has held its benchmark interest rate at 26.5% citing global risks linked to Middle East tensions, while reporting that external reserves have grown to $52.5 billion.
Nigeria Foreign Exchange Reserves Reach $52 Billion, CBN Governor Reports
Central Bank Governor Yemi Cardoso announced that Nigeria's foreign exchange reserves have hit $52.52 billion, even as the MPC keeps interest rates at 26.5 percent.
Nigeria’s external reserves reach $52 billion as net reserves surpass $40 billion
Central Bank Governor Olayemi Cardoso reports that Nigeria's external reserves have hit $52 billion, with net reserves exceeding $40 billion, driven by successful policy reforms.