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NNPCL’s Fresh $925m Inflow Brings Rare Stability As Naira Gains N15 Against Dollar

The naira has remained firm against the dollar since the country received $925m additional inflow from ‘Project Gazelle Funding Limited’, a crude oil forward...

Nigeria’s Forex Reserves Rose By $435.8m As Naira Continuous To Depreciate In May

Nigeria’s foreign exchange reserves rose by 1.35 per cent to $435.8m month-on-month to end the month of May at $32.69bn compared to $32.25bn which...

Depleted Reserves Used To Settle Debts Owed International Creditors, Not To Defend Naira–Cardoso

The recent depletion of the nation’s foreign reserves was used to settle debts owed to international creditors and not to defend the naira as...

Foreign Exchange Reserves Inherited By Tinubu Sheds $125m

The foreign exchange reserves inherited by President Bola Tinubu dropped by $125 million two days after he pledged to boost forex inflows into Africa’s...

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