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External reserves hit CBN's $51.04bn target as naira posts weekly loss - Businessday NG

The naira ended the week weaker across foreign exchange (FX) market segments amid slowing market liquidity, despite Nigeria's external...

Raccontata dabusinessday.ngriotimesonline.com

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AI · summaries
businessday.ngStai leggendo2 g fa

External reserves hit CBN's $51.04bn target as naira posts weekly loss - Businessday NG

Nigeria's external reserves hit $51.04bn target (up 35.35% YoY), as naira weakened 1.04% in the week. IMF cautions that reserve stockpiling may slow naira's fair-value adjustment, pitting currency defense against market equilibrium.

originale
riotimesonline.com10 h fa

Nigeria's Reserves Hit a 17-Year High of $51 Billion

Nigeria's external reserves hit a 17-year high of $51.04 billion on June 18, 2026, up 35% in a year, yet the naira still slipped against the dollar.

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Timeline cronologica

  1. mercoledì 17 giugno 2026·businessday.ng

    Naira steady as IMF backs Nigeria's plan to remove remaining FX restrictions - Businessday NG

    The naira traded largely flat on Wednesday across the official FX market as liquidity slowed despite rising external reserves, while IMF...

  2. sabato 20 giugno 2026·businessday.ng

    External reserves hit CBN's $51.04bn target as naira posts weekly loss - Businessday NG

    The naira ended the week weaker across foreign exchange (FX) market segments amid slowing market liquidity, despite Nigeria's external...

  3. martedì 23 giugno 2026·riotimesonline.com

    Nigeria's Reserves Hit a 17-Year High of $51 Billion

    Nigeria's external reserves hit a 17-year high of $51.04 billion on June 18, 2026, up 35% in a year, yet the naira still slipped against the dollar.

  4. martedì 23 giugno 2026·businessday.ng

    Naira steadies as external reserves surpass CBN target - Businessday NG

    The naira strengthened marginally across foreign exchange (FX) market segments on Monday as Nigeria's external reserves exceeded the...