FX reserves

EFEMS, Eurobond issuance bolster FX reserves, Naira stability

THE Central Bank of Nigeria (CBN) has taken significant steps to stabilize the foreign exchange (FX) market with the launch…

5 months ago

FG’s $900m Bond: Naira strengthens, FX reserves up by $620m in 10 days

THE naira posted significant gains in the week ending Friday, September 13, 2024, closing at N1,546.41, a 6.3 percent increase…

8 months ago

Why Nigeria’s FX reserves will drop to $24bn in 2024 —IMF

THE International Monetary Fund (IMF), has projected that low crude oil exports, profit repatriation and lack of new Eurobond issuances,…

1 year ago

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