Nigeria foreign reserves
Naira opens week weaker, dips to N1,533 per US dollar
The naira opened the new trading week on a weaker note, exchanging at N1,533.67 per US dollar at the official Nigerian Foreign Exchange Market, as recorded on the Central Bank of Nigeria (CBN) website. This represents a slight depreciation of 0.08 per cent from Friday’s close of N1,532.51/$, reflecting persistent external pressures and domestic market […]
Nigeria Shells Out $2bn on External Debt in Just Four Months
Nigeria’s external debt servicing has surged dramatically in the first four months of 2025, with the country spending approximately $2.01 billion on external debt repayments between January and April. This marks a 50 percent increase compared to the $1.33 billion spent during the same period last year, according to the latest international payments data published […]