Business
Nigeria’s forex reserves down 3 percent in two weeks
Nigeria’s foreign exchange reserves fell 3 percent in two weeks to $37.59 billion by Nov. 13, as the central bank stepped up support for the ailing naira currency. Data published by the central bank on Monday showed the reserves were at $38.76 billion on October 29. The bank has spent billions of dollars defending the naira, hit by falling global oil prices, in the past month. But despite repeated interventions, the naira closed at a new low of 173.20 on Monday.
-
News2 days agoBreastfeeding can improve Nigeria’s economy—Commissioner
-
Oil and Gas2 days agoOil prices drop 5% to three-week low after Trump cancels attack on Iran
-
Oil and Gas2 days agoNNPC remits N6.286trn into federation account between January and June 2026, issues another tender to sell Cawthorne crude
-
News2 days agoNESG appoints Engr. Adeleye Falade, FNSE to its board
-
Economy2 days agoEBID, CORIS Holding sign 80m euro financing agreement to strengthen food, energy, agric value chains in West Africa
-
Stock Market2 days agoNGX All-Share Index advanced by 0.18%, capitalisation increased by 0.18% to N158.61trn
-
Economy16 hours agoNigeria woos U.S. solid minerals investors
-
Oil and Gas16 hours agoDangote refinery aims to raise $5bn with October listing, source says