Nigeria’s external reserves have climbed to their strongest level in nearly a decade, hitting $46.012 billion as of January 22, according to fresh data from the Central Bank of Nigeria (CBN). The milestone, last seen in August 2018, reflects a $510 million increase since December 31, 2025, driven by higher crude oil […]
Nigeria’s external reserves rose by $1.91 billion in August to close the month at $41.27 billion, their highest level since 2021, according to latest figures from the Central Bank of Nigeria (CBN). The reserves, which opened the month at $39.36 billion, benefited from successive inflows, providing the country with a stronger buffer against global commodity […]
Nigeria’s external reserves have in one month accrued $1.12 billion on the back of the rally in oil prices and re-balancing of the Federal Government debt in favour of external borrowing, as the Investors’ and Exporters’ (I&E) foreign exchange window saw an inflow of $677.7 million last week. The price of crude oil has maintained […]