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CBN: External Reserves Rise to $49.34bn as Naira Holds Firm Amid Stable Market Conditions

*Says $2.34bn spent on food imports in 2025 despite decline in forex demand

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thisdaylive.comStai leggendo1 mesi fa

CBN: External Reserves Rise to $49.34bn as Naira Holds Firm Amid Stable Market Conditions

CBN reserves climbed to $49.34bn (+$359.84m w/w); the naira held at N1,373.25/$ and Nigeria's food import forex draw totaled $2.34bn in 2025, down 7.4% year-on-year. Nearing the $50bn threshold, improving FX stability lowers execution risk for companies managing dollar procurement and treasury operations in Nigeria.

originale

businessday.ng1 mesi fa

Naira cools, FX deals shrink in May as reserve surge masks slower dollar flows - Businessday NG

The naira depreciated to N1,373.25 in the official market in May 2026 as transactional liquidity slowed, despite a strong rebound in N...

CBN: External Reserves Rise to $49.34bn as Naira Holds Firm Amid Stable Market Conditions

Confronto fonti

CBN: External Reserves Rise to $49.34bn as Naira Holds Firm Amid Stable Market Conditions

Naira cools, FX deals shrink in May as reserve surge masks slower dollar flows - Businessday NG

Timeline cronologica

Food imports gulp $2.34bn in 2025 – CBN

Naira cools, FX deals shrink in May as reserve surge masks slower dollar flows - Businessday NG

Food imports gulp $2.34bn in 2025 – CBN

CBN: External Reserves Rise to $49.34bn as Naira Holds Firm Amid Stable Market Conditions

Food imports drop by 7% – CBN data

Naira strengthens to N1,366.79 as FX interbank turnover jumps 49.58% - Businessday NG