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The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).
The Central Bank of Nigeria (CBN) Wednesday allayed worries over the fluctuation in external reserves, assuring Nigerians that with its current level at over $44 billion, there’s no cause for alarm.
The 30 days moving average of the Nigerian external reserves was down to a five – month low dropping to $46.37 billion, the lowest level since March this year.
The Presidency yesterday released the record of its economic performance since 2015, stating that the new forex (FX) window introduced by the Central Bank of Nigeria (CBN) in April, 2017, yielded an average of $1 billion turnover every week and $25 billion inflows in one year.
Domestic investors have continued to dominate trading on the equities market for three months in a row, as they traded N497.15 billion worth of shares for the first quarter, Q1, ended March 31, 2018.
It has also significantly surpassed the $40 billion target for 2018 announced by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last November, and is expected to inch up to $50 billion in the next few months.
Members of the Bankers’ Committee have agreed that banks in the country should stop charging commission on the sale of foreign exchange to customers, particularly those meant for Personal Travel Allowance, Business Travel Allowance, tuition and medical bills payment.
As projected by the Governor of the Central Bank of Nigeria, Godwin Emefiele, at the Annual Bankers’ Dinner of the Chartered Institute of Bankers in Lagos last November, the nation’s External Reserves have hit a new level of $40.4 billion.
Godwin Emefiele, Central Bank of Nigeria, CBN, governor, yesterday, disclosed that the nation’s external reserves have risen to $38.2 billion, the highest in 39 months.
Plummeting stock market indicators, sustained net capital outflows and poor doing business indicators all characterized our economy when I gave my speech last year.
A founding member of Arewa Consultative Forum (ACF) and elder statesman, Tanko Yakasai, has tacitly endorsed the candidature of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, and his running mate, Mr Peter Obi, ahead of 2091 presidential election.
Julius Opetunsin, Assistant Controller-General, Federal Capital Territory Fire Service, has decried the non-payment of Fire Safety Certificate by managers of Liquefied Petroleum Gas Plants and filling stations in Abuja to the service.
A “majority” of football federations support increasing the number of teams playing at the 2022 World Cup in Qatar from 32 to 48, FIFA president Gianni Infantino said in Doha on Thursday.
The Ekiti State House of Assembly on Thursday held a public hearing on the financial transactions of the 16 local governments across the state within the last one year.
Brighton & Hove Albion defender Leon Balogun feels the side can head into Sunday’s Premier League clash against Chelsea with a sense of freedom.
Crude oil production will be cut by 1.2 million barrels per day from January 2019 for an initial period of six months.
The National Industrial Court on Friday in Abuja ordered the reinstatement of 170 workers of Kogi State Government.
Iranian police says 10 people arrested in connection with suicide attack that killed two police officers in southeastern Iran
Vice President Yemi Osinbajo has declared that the problem with Nigeria is not about resources or planning, but the poor management of resources in the past.
The Management of the University of Ilorin on Friday said that investigations by the institution, revealed that its student, late Mr. Adigun Emmanuel, committed suicide as an eventual culmination of drug addiction.