Foreign reserves
13 Oct 2021
The Federal Government has said it is targeting to add $150 billion to Nigeria’s foreign reserves from non-oil exports in the next 10 years. It also hoped to create 500,000 additional
25 May 2021
Stakeholders are unsettled over the Federal Government’s plan to borrow a fresh $6.18 billion (N2.343 trillion) amid a rising debt profile, which may push the country’s debt to about N36 trillion...
11 Mar 2020
The country’s ability to attract sustainable foreign direct investments has remained weak as the bulk of imported capital continues to be dominated by portfolio investments
6 Mar 2018
I have received a lot of questions about the Central Bank of Nigeria’s (CBN) foreign reserves recently. The CBN has of course been touting the reserves growing from a low of about $24bn to the approximately $42bn it is now. The questions typically centre around why we are keeping so much in reserve when the…
2 Feb 2017
The reserves fell to $23.95 billion in October 2016, stoking fears among foreign investors on the country’s ability to settle dollar-denominated obligations in the midst of falling crude oil prices.
2 Oct 2016
I said this with all sincerity; I have nothing to buy. What is the problem with the economy, everybody needs to understand it, which is when you begin to understand the solution.
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Former Nollywood actress and Real Housewives of Lagos star Carolyna Hutchings has taken to Instagram to clap back at trolls who accused her of falsifying her age. Hutchings had posted a picture celebrating her 35th birthday on Sunday but soon came under fire from many critics who accused her of lying about her age. …