external reserve Archives - The Pacesetter Frontier Magazine

Nigeria’s external reserves loses $180m in two weeks

July 19, 2021 by Editor Leave a Comment

The country’s external reserves lost $180m in two weeks, the latest figures obtained from the Central Bank of Nigeria showed on Sunday. According to the figures, the reserves, which stood at $33.28bn on July 1, dropped to $33.09bn as of July 12 before gaining slightly to rise to $33.1bn on July 15. The … [Read more…]

Nigeria’s external reserves has shrunk by $522,525,964 in 16 days.

March 19, 2021 by Editor Leave a Comment

According to recent figures on the Central Bank of Nigeria’s (CBN) website, on March 1, 2021 the external reserve was $34,998,144,389 but by March 16, it had shrunk to $34,475,618,425. Since January 25, 2021 when the reserve stood at $36,469,940,426.08 it has been on a steady decline to the current $34,475,618,425. In other words, … [Read more…]