Tag: External reserves
NRS: Tinubu’s Reforms lift Reserves to $50bn, Tax Revenue to ₦28.3tn
The report showed that GDP growth increased from 2.74 per cent in 2023 to 3.89 per cent by the first…
Nigeria’s External Reserves hit 17-year high of $51.04bn
According to CBN data, external reserves opened the month at $49.80 billion before crossing the $50 billion threshold on June…
Naira wobbles again, loses ₦18 in one week
Meanwhile, the National Bureau of Statistics reported that Nigeria’s inflation rate fell for the sixth consecutive month, standing at 18.02%…
CBN resolves outstanding FX backlog, as external reserves jump to $34.11bn
According to the CBN, it employed Deloitte Consulting, an independent auditing firm, to meticulously assess the transactions, ensuring that only legitimate…
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.…