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Nigeria: CBN Records $23.11bn Net Forex Reserve, Highest in 3 Years

Summary by allAfrica

The Central Bank of Nigeria (CBN) has reported a substantial improvement in its net foreign exchange reserve (NFER) position as of the end of 2024, reflecting a substantial improvement in the country's external liquidity, reduced short-term obligations, and renewed investor confidence.

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Bloomberg

Lean Left

Nigeria Naira Gains as Currency Reserves Jump to Three-Year High

Nigeria’s naira climbed the most against the dollar in two weeks after the central bank said net foreign-exchange reserves climbed to the highest in more than three years.

2 days ago·United States

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allAfrica

Center

Nigeria: CBN Records $23.11bn Net Forex Reserve, Highest in 3 Years

2 days ago·South Africa

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ekohotblog.com

Nigeria’s Inaugural Domestic US Dollar Bond Wins West Africa Deal of the Year

Nigeria's first-ever domestic US dollar bond has received the distinguished West Africa Deal of the Year award at the 2025 Global Banking & Markets Africa Awards, following a highly successful issuance that raised $917 million.

7 hours ago

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News Central - Latest Africa News

Naira Strengthens Further After Eid el-Fitr Holidays

The naira continued its upward trend against the dollar at the official foreign exchange market on Wednesday, following the Eid-el-Fitr holidays. According to data from the Central Bank of Nigeria (CBN), the naira appreciated to N1,531.25 per dollar on Wednesday, improving from N1,536.82 recorded last Friday—marking a daily gain of N5.57 per dollar. A man holding a bundle of Naira notes and a $100 note. Photo credit: Bloomberg However, in the bl…

1 day ago

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Business Hallmark

Nigeria’s net foreign exchange reserve rises to $23bn – CBN Business Hallmark

Recent report by the Central Bank of Nigeria (CBN) revealed that Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 increased to $23.11 billion. According to CBN, the increase marked an increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021. Net Foreign Exchange Reserve (NFER), […] The post Nigeria’s net foreign exchange reserve rises to $23bn – CBN first appeared on Business Hallmark.

1 day ago

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Africa.com

Nigeria’s FX Reserves Rebound to Three-year High at $23.1 Billion

Nigeria’s net foreign exchange reserves (NFER) surged to $23.11 billion by the end of 2024—the highest in three years—signaling renewed strength in the nation’s external financial position. This marks a sharp recovery from $3.99 billion at the end of 2023, $8.19 billion in 2022, and $14.59 billion in 2021. The growth was driven by reduced… Read More »Nigeria’s FX Reserves Rebound to Three-year High at $23.1 Billion

1 day ago

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